For everyone wondering about “when” layoffs might be happening, state of OR requires companies initiating a mass layoff to provide 60 days notice. Search for “Oregon WARN List” and it will bring up the list. As of 12/26, nothing recent is posted for Nike. However, it took about a week in 2020 from when Nike notified the State of OR to when it was posted to the WARN List website. Given the timeline on the earnings call (end of quarter 2/28/24), we can expect the last week of February. The WARN notification should also provide an estimated number people who will be impacted. For example, in 2020 it was 1200 people. Take care of yourselves and one another.
19 replies (most recent on top)
Still no warn notice. Guess that means severance payouts vs giving 60 days notice.
Hopefully most of the layoffs will be in China...they built that place up a ton and sales are not what they expected.
THERE IS NO NEW WARN NOTICE. STOP CAUSING PANIC. THE UNDATED WARN NOTICE HAS BEEN THERE FOR YEARS.
My workload increased from not backfilling any roles in my dept. I'm loving it!
As of Dec 29, the WARN list shows Nike, Inc. with 1500 projected layoffs.
Some teams told in Oct, Nov their jobs were going away, still employed and then put on a big project that requires travel and cost big $$$. None of that makes any business sense when it comes to lt who can't make decisions, and then make up this bs project they hope saves their paycheck. Get rid of lt who dont do their jobs anyway.
@1yzw FYI severance is taxed the same as income. It’s withheld differently but taxed the same. When getting severance you can collect unemployment. When still on payroll you’re a sitting duck with a non compete.
@1yzw+1qgzz8WN: Does Nike do all of your thinking for you? “Think tax obligations. It may not seem like it but Nike is doing you a MASSIVE solid.”
Nike is doing you a solid alright: a solid tu-d 💩 Nike is doing you a favor by withholding taxes? Here’s a secret: YOU CAN ALSO DO THAT FOR YOURSELF!
You’re like the poster asking, “how much does Uber pay in the event I’m laid off?”
Looks like Nike has gone to the p-o p-o heads. Up and down and all around the matrix stupidity abounds!
@1vrw+1qgzz8WN
Yes. They already did this to about 40 people in NDP right before Thanksgiving. 60 days still on the payroll but all access revoked immediately.
@1iyb+1qgzz8WN Thry already have touched Oregon. Layoffs started in November. NDP let go of 20% of its 200+ person org, all levels.
Other groups at WHQ already know they will be reorged over the next few months.
Oregon is SOOOOO getting touched.
2 months on payroll is WAY better than 2 months severance, etc, etc.
Think tax obligations. It may not seem like it but Nike is doing you a MASSIVE solid.
They not touching Oregon so just chill TFO.
Not sure what’s with the hangup with this WARN list. It won’t tell you anything of note that Nike hasn’t already announced publicly. And Nike leadership doesn’t care at all about what the state of Oregon forces them to disclose - the stockholders are much more important to them than some government disclosure requirement (that would only include Oregon employees).
@1otr Yes they would need to payroll you for around two months, see air quotes. By the letter of the law employers cant do this but they'll simply remove your access and have you stop working. Since theres no requirement to pay severance, Nike can just shadow payroll you until the notice date and consider them one and the same is my understanding of how this is done. Companies have been somehow doing this for ages to gain a timing advantage. The element of surprise is kind of defeated here and importantly unclear how this tactic would play in an accounting sense with recognizing cost within Q3 which brings us to the next point of interest....
As other posters note many are pretty sure the evident high degree of planning (started in the spring) indicates this is a global restructuring and could possibly have a lesser impact (<500) on WHQ than past reorgs and a more equalized toll across other sites ("plants" to include ATC, BATC, remote roles, etc etc) and of course in the geos. We also may see a phased approach going into the summer starting with management and focal areas of restructure. All up in the air, at some point a few of us will ride the lightning and things will be revealed.
My 4x plus Nike RIF survivors bet is on broad lower headcount per site, high yield fat salary bloodbath sprinkled with teams and work that are no longer biz critical and poor performers making up the difference to mitigate discrimination laws..... along with a lot of new flattened structure and the usual musical chairs
Unless they layoff under 499 people every 90 days and give them all 60 day notice…
@jmc - does that mean anyone impacted can expect a minimum 2 months severance? Found the below from the WARN website, but not totally clear that means they can’t not communicate the WARN notice.
“Can I pay my workers their salary and benefits for 60 days in lieu of notice?
Neither the Act nor the regulations recognize the concept of pay in lieu of notice. WARN requires notice, making no provision for any alternative. Failure to give notice does a significant disservice to workers and under- mines other services that are part of the purpose of the WARN Act. However, since WARN provides that the maximum employer liability for damages, including back pay and benefits, is for the period of violation up to 60 days, providing your employees with full pay and benefits for the 60-day period effectively precludes any relief.”
@cuk it will. All messaging is that this one will be broader than WHQ and NA
Has anyone considered that the large portion of persons being laid off may not be in Oregon or even theUS?
Companies skirt WARN by not eliminating your employment until the required days after you've been "terminated" and continuing to "pay" you (severence) in that period, so don't expect to see anything first, FYI.
This practice should also give you an idea of who you're working for.