Does anyone know anything know anything about this?
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Is this still true? Any updates here?
Just been laid off and told I have to sell my old Avago Stock Options within 90 days. My ESPP and RSUs do not have these restrictions. I doubled checked and my options are NSOs instead of ISO. Am I really still bound to the 90-day window?
Any other word on if this is really happening?
I've heard there will no longer be sabbaticals. Not sure if that's true or not.
does anyone know if sabaticles will still be available?
You will be paid out. When you get laid off or leave. You no longer accure pro tho.
Has NIKE lost it’s soul. It seems no one is happy these days.
Swept/frozen? Meaning you’ll never be paid for it if it’s not used?
Use up your PTO before August. It's about to get swept/frozen. Moving to an 'unlimited' PTO system.
This toxic environment is only going to get worse when you take your 1 day off per year.
Does anyone know what they pay contractor agencies on an hourly basis for senior software engineers? I think my agency is underpaying me with the current margin and I have also heard that Nike is paying them a lot for my services. If this doesn't change I will walk away. Their culture towards ETWs is messed up. FTE people with less education and less skills go and work out while I am working.
You have unlimited PTO time but, when you ask for more than a week, your manager will hem and haw about "busy season" or "too close to product launch" or "we'll have to wait until this latest re-org settles" and deny your request.
Better yet, you are approved to take several weeks of paid time off for various reasons but it comes back to bite you at review time. You are no longer a "team player" because you value vacation, tending to family, getting well, etc. over the business.
The vague guidelines are a good way to keep folks in line with fear.
Unlimited PTO is not designed to enhance the employee experience. Companies must keep funds available to pay PTO that is accrued but not used. That's money that sits on the books and cannot be used for other purposes. It's an accounting headache that is eliminated by removing the ability to accrue PTO. No accrued PTO means no need to keep the money on the books. Unlimited PTO means you will lose your accrued PTO and you will not be paid for unused PTO when you leave Nike. You will still be subject to the same PTO rules and will need your manager's approval to take PTO. This will also eliminate sabbaticals. You will just submit a PTO request for a longer period and maybe it will be approved. In the end, the company saves money and you lose the days. It's being sold to look like Nike is going to give you unlimited PTO. In reality, they are eliminating your ability to manage PTO as an investment/asset and by default, terminating the sabbatical program. They win, you lose.
It's not "unlimited PTO", it's just not tracked anymore. That doesn't mean you can take all the PTO you want, it means you no longer have a balance on the books. A stroke of the CFO's pen and it's like it was never there. This clears Nike's balance sheets nicely, especially since they have no intention of reimbursing anyone for accrued PTO. Sabbaticals will be gone too or require more time to earn. Forget 10 year sabbaticals, think 20-25 years for your first one and then others in 10 year intervals if they exist at all. There will be a lot of pressure on managers to get rid of tenured employees (40+ years old or 20+ years with Nike) to avoid the cost of sabbaticals or extended PTO. Someone will try to sell this as good for the employees. Don't fall for it. This is about eliminating a financial drain (in the eyes of finance) at your expense.
Heard the same thing. Someone posted on here a while back.
Maybe the company could first end its discrimination against non-US/Canadian employees and let those people actually have sabbaticals. That would be a nice move.
If that’s true I am out!!!