#company

Remember when Stanky said nobody knew better than him when it came to the media business? Good times.

Now that the passions have settled, can we have a normal, objective conversation about what we can expect from Takis? Not oh, he's the worst or he's the best rhetoric of the past week, but let's see what he actually brings to the table and how it'll affect all of us.

Leadership doesn’t want to be transparent because you wouldn’t like what they told you if they were transparent.

Mainly, that they are now not trying to manage a “comeback” as much as they are trying to manage “an orderly decline in Nike’s previously hegemonic industry position.”

Nike isn’t going away. But it is also no longer a growth company, and for several reasons I won’t get into here the company likely reached a plateau a few years ago. The market in which Nike was established and grew effectively no longer exists. Or at least, the old rules that allowed Nike to continuously succeed are no longer the rules.

As a result Nike needs to balance “doing what Nike has historically done” with the reality that the company still needs to significantly downsize. If you’re management, there’s no polite, nice, or pep-talk way to communicate that. So they don’t.

Like I said the reasons for Nike’s decline are multi-faceted and in some ways complex. Nonetheless the company IS now just trying to hang on to what it already has. Talk of a “comeback” is sort of what they have to say but make no mistake; leadership is not naive to broader market trends that disfavor any sort of tangible “comeback”.

My partner will sometimes put on some ugly clothes and ask me, “How do I look?” My partner likes those clothes. So I answer with “You look great!”, and leave it at that.

Should I instead be more transparent? Should I instead engage in “more honest communication”? Maybe. But will that improve matters? Or create a new problem neither of us needed?

One could argue Nike is being kind by not being fully transparent. I’m not claiming that would be a GOOD argument. Just an understandable argument. Because if Nike leadership was fully transparent about the current field of play and what it really means, my guess is that it 100% would not make people feel better.

An on point post, the OP is @20q+1ks86w36m.

Has anyone heard anything recent about layoffs?

We're doing amazingly well. I think people are just looking for things to stress over. Enjoy this while you can, I'm sure it won't last forever.

What if, and hear me out, leadership focused on growing revenue instead of shrinking headcount? Wouldn't that be something? Too bad nobody here would ever try that.

We keep laying people off, and yet we keep posting openings at the same time. What's the point?

I wonder if there's anything the leadership thinks is truly essential.

Does anybody have more info? Too many rumors circulating to just outright ignore it, as much as I hope it isn't true.

VP and above having off sites this week, you know what that means

That we are hiring and returning to growth

Is there somewhere I can check?

Get prepared. July layoffs coming

July is for sales only, I've heard around 20-30 layoffs

Company retaining most of it's talent , and growing

That's pretty pathetic. How can you be an effective leader of a massive corporation like Chevron when half the employees no longer respect you. Even DW at XOM has a higher approval rating.

Nearly every performance metric and benchmark set by the Board has declined during his tenure. It's long past time that MW retires and stop running a once great company into the ground.

Is “Advisor” the new Exxon retirement plan?

Every week I see another Advisor, Advanced Advisor, Senior Advisor, Expert Advisor, Strategy Advisor, Effectiveness Advisor, Change Advisor, etc.

At what point does a company have more advisors than people actually doing the work?

Asking for the engineers, technicians, operators, and researchers who are somehow expected to absorb the workload every reorg.

I read the Annual Report this morning so none of you has to. It just repeats the same junk talking points that Go Go always spouts out.
That 5 minutes I’ll never get back.

This is shocking. Sounds like Cigna really isn't interested in innovation at all.

https://i5.walmartimages.com/seo/Richard-Scarry-s-Busy-Busy-Town-9780307168030_d9223b19-62c8-4433-b856-b151fb8d75bf.0b20d961908edd2e6327a9234db402ad.jpeg?odnHeight=573&odnWidth=573&odnBg=FFFFFF

Should I leave a competitor to come work for P66? I currently have 8 years where I’m at now!

The why……Currently unhappy with the politics and d-mb ranking system. I know every job has a downfall but unaware of how P66 operates!

https://www.northjersey.com/story/news/new-jersey/2026/06/18/citibank-to-lay-off-68-employees-north-jersey/90603832007/?gnt-cfr=1&gca-cat=p&gca-uir=true&gca-epti=z117730p117850l002450c117850e1199xxv117730d--76--b--76--&gca-ft=166&gca-ds=sophi&link_source=ta_first_comment&taid=6a3478900d5e4200018993c3&utm_campaign=trueanthem&utm_medium=social&utm_source=facebook

Just gonna drop this here for your morning reading...

https://underthetable2026.blogspot.com/?m=1

Anyone know the business logic on being the only processor that does not observe Juneteenth?

If we replaced the operating committee with AI agents trained on the latest groupthink, what would change.

nada.

These people have no clue.

Who wants to submit them to the Guinness book of WR? How can you destroy 2 top 10 banks? Unreal!

Has anyone experienced a work benefit or have seen that their department/division has benefited from the platform operating model?

And all completed next week

Why am I getting calls to my personal phone number?

This is from 1999 when we saw share prices drop by 24 percent just wondered if they dusted this off from an old set of meeting minutes..it feel awful familiar.

"In April, Thoman unveiled a plan to remake Xerox’s image as a technology company instead of a copier maker. The shift, which involves realigning the sales force, is designed to let Xerox sell customized packages of consulting services, software and machines that the company says will generate half its revenue in the next decade."

Not wanting to raise the alarm bells but take a look at Verizon layoffs if you want an idea at how unpopular the new CHRO has been and get ready for inane posts on LinkedIn featuring vacuous slogans

Accepting VSP? Click Arrow up.

Expect 4000 to 7000 impacted. More managers and directors. AI bringing efficiency.

Brace for impact. Gather your swags.

They just announced official targeted offshoring in the Finance division. It continues to get worse of course

Our CEO loves to call layoffs realignments

Dell Federal was always the darling (along with Global). Federal had their own building annex next to building 3 when I was there (for -security- and their red outlined badges to easily identify them as part of the elite Fed team). They had the most lifers and boomers @ Dell. Many ex-military. Life couldn't get better at Dell if you were in Dell Federal Sales. Do they still reign supreme with their easy Government appropriations and special blanket purchase agreements worth billions of dollars... most of the mega easy commissions checks cut by Dell were for Federal AEs, ISRs, SEs and ISG/CSG TSRs. Hope they are still doing well and raking in the cash.

When is the next Beat. I am missing the commentary. That one person really made my day.

Did you like the Beat updates?

Apaches how’s the vibe now? You had 100 days to feel empowered and successful…now the man behind the curtain needs to drop trousers (oil price) so the midterms don’t destabilize the wizard of Oz.

What’s break even now? Can Apache continue nickel and dimming its vendors?