I’ve worked at companies in the past that would allow people to volunteer to retire early or pay out severance in exchange for their resignation. Any idea if this is a thing at Nike?
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No because the payout would probably be greater than targeting a specific number of employees.
No because the people that usually leave are the ones with the best other options.
We will not do this as our finance overlords have already done the math and more than 99% of the company would want to get laid off. Everyone except for the ELT who wouldn’t even realize anyone was gone for years
Given how bad moral is at the moment, there would probably be more takers than Nike actually wants to layoff. Then the complains would start about who got selected for voluntary severance and who has to stay LOL
Nike would never follow such an approach, as it would risk being too fair and transparent. Leadership likes to keep us all guessing under a shroud of secrecy and use layoffs as a tool to achieve DEI metrics or layoff certain classes of individuals (long tenured, too expensive, etc). Grown up companies with mature and competent leaders offer programs like this because they have nothing to fear and don’t have a hidden agenda. Nike is not a grown up company.
This step would’ve happened awhile back. This would’ve been round 0 of layoffs. Based off of the # of employees that chose to voluntarily leave, that would’ve determined their targets for layoffs. Additionally, usually the people taking that option are more senior, which makes the restructuring of teams easier for round 1 if they are gone and can merge teams to reduce redundancies due to a voluntarily separated Sr Director/VP.
Nike doesn't like to allow employees to think that things are their choice.