Large companies must provide 60 days notice before large layoffs. It’s in the WARN act and it is enforced.
It’s unlikely that anything will happen until mid February.
If you’re worried, you have time you can use to help with that. Start looking. (This site is not going to help you).
why do we even worry WARN BARN YARN....what if complete BATC center is closed. then no need of WARN right? just get ready as if your name is on the list thats all we can do.
It means you aren’t working for 60 days before the severance kicks in.
does 60 days on payroll mean you’re still effectively working for that time till your layoff date? or is severance 60 days PLUS x number of months?
This has been explained endlessly, how OP missed it is a mystery. Nike has been giving ppl 60 days on payroll as part of their packages. This means they are technically employed 60 days past the date they are told they’re being laid off. This keeps Nike w/in the WARN rules. This is not the first time they’ve used this tactic. For those that weren’t here for the last big one - WARN 60 day notice dropped the morning of the layoff.
The early layoffs were well below the 500 required to trigger a WARN notice. Most likely WARN notice will drop morning of the actual layoff.
So? Get a life please .... You have spent too much time on this website. There was life before Nike and there will be after it!
This may be missing the bigger picture. WARN applies to individual US facilities and has an aggregate period of 90 days and trigger period of 60 days. If the WHQ gallows line is over 500 heads in the next 90 (minus some more recent executions in the rolling period) no obvious combination of payroll fu-kery and notice timing allow for the expense to be recognized on the books within Q3, as stated it would be to shareholders, if Nike adheres to WARN. No sure thing but since our leadurrs will probably want to avoid explaining themselves to investors next quarter, scope could be below the WARN threshold at WHQ. Think bigger and more global. Lots of evidence if you're paying attention.
Or, Nike might just say fu-k it and do whatever in the face of shareholders, WARN, or both. WARN penalties are like the penny in yer couch cushions to a company like Nike......
Spoiler alert: you don’t have a clue when.
LOL not this again