Thread regarding Nike Inc. layoffs

Bill Ackman, founder and CEO of Pershing Square Capital Management.

Adam Jeffery | CNBC

Bill Ackman, founder and CEO of Pershing Square Capital Management.

Bill Ackman's Pershing Square has sold its stake in Nike, a source tells CNBC.

Dow Jones first reported the hedge fund manager's move, saying his firm made around $100 million in profit from its investment in the athletic apparel and shoe company.

CNBC reported in January that Pershing Square started buying Nike in October when it was trading in the $52 to $53 per share range, according to a source.

Nike shares are up about 5 percent so far this year to roughly $66 per share. The company has a market value of nearly $107 billion.

Best of luck finding someone who is 50 or above who has been at Nike 2 years or less.

Who is @clair duffy?

So true on the over 40. I love the HR system of quantifying people...by color and gender to decide if they should move them up or not. That's just f-ed up. The 'talent planning' b.s. or just be a family friend or kid of a higher up.

@Claire Duffy...not sure you'll get anyone to talk, b/c of the 'severance package' 'agreement. We are sworn to silence. Pretty sure if you've been there a while you have stock to consider as well.

While things are f-ed over there...I would be suprised, but hopeful that someone would reach out to you.

The over 40 or close to 40 thing is so true. That's a real story.

I'm a local reporter, I'd love to talk with someone more about this. My email is cduffy@bizjournals.com.

NIKE will rebound, but the culture will be much, much different. Change is a constant, and unfortunately many of us got run over in the process. There are definitely issues with management and direction, and it's been building for sometime. The 50b by 2020 was too aggressive and now the worker bees and stockholders are paying the price.

True about age. If you are older and have been at Nike many years you have very little chance of moving up or into a new position. Who will be left to talk about Nikes history?

I'm not sure who decided to build a huge DC or chose the WMS system but Nike will be paying for that for a long time.

Good solid leadership is lacking. Getting things done by being a bully or intimidation or from power is never good. How are things at Converse?

Ageism is the one form of intolerance at NIke. It is unforgivable to get old there. Once you are over forty you are a relic. Young talent infusions are great but so is the turnover ratio of them. They have no loyalty to Nike. Easy to pack up and go south to Twitter google or apple. The FTEs released bled NIKE orange.

My husband worked there and was let go. We got,rid of every piece of Nike clothing and shoes in the house. Took them straight to goodwill. Never will wear the brand again after the way my husband was discarded after years of 50-60 weeks, highly successful reviews, and internal/external awards for his team.

In my group everyone laid off in June and Aug were over 40. Coincidence? I think not.

Regarding Nike wanting new blood from the outside, that’s another line of fake news. I was brought in from the outside and despite what I was told during the courtship, no one was interested in new ideas or ways of thinking. All they wanted was to conform, kiss a and make it known I was honored to be part of the greatest company ever. Sorry, but they were lucky to have me. There are so many disgruntled people left, I don’t know how this company will ever recover. I am so glad I don’t have to listen to a rehearsed pep talk “the only constant here is change!’ Meanwhile, other companies are gaining ground, moving in more nimble ways, attracting better talent. I think we are seeing the decline of a once great brand.

I am out and moving on and feel the biggest sigh of relief to not have to show up to that charade every day. The wrong people get promoted and rewarded. Good and fair people are cast aside. Bullying runs rampant. Venomous backstabbing is encouraged. There is a calendar but never a point where it can’t be thrown out the window. Gross examples of over spending and excess while necessities get squeezed. All the talk of change, yet nothing ever gets better. Reading all the other posts, I’m just grateful to know it wasn’t just me.

To those who are left, keep your eyes wide open. This place is not magically going to revert back to the good old days.

Wait to you see what was lost in the Deloitte breach. We were so worried about outside breaches of our network that we neglected the dangers of unfettered access by consultants. They didn't break down the door, we handed them the keys. I preached this until the day I was walked out the door. No one listened then and no one is listening now.

So true.