Imagine working for 20 years and gathering up thousands of stock options, then getting fired to increase diversity and having to sell all those options for $70. All the leaders who created this company have to sell within three months at the lowest... — read more
Good to see the grand strategy of cuts and layoffs is working out
No surprise there if they’ve been a purpose in themselves all along. Letting go of talent, not having an idea what to actually do with a leaner company, not having an efficient reorg, having a lot of downtime or people overworked (to what end, if I... — read more
Iconic sports brand Nike deals hammer blow to executives in massive layoffs
Sportswear giant Nike laid off more than 200 vice presidents, senior directors and directors in the latest round of cost-cutting measures. Nike continued with another round of layoffs, removing 732 total jobs from its headquarters in Oregon... — read more
Donahoe, where’d you go wrong?
Yo, Donahoe in charge, Nike's CEO, Five years in the game, got nothin' to show. Stock fell 20 percent, history’s greatest decline, Q4 earnings call, disaster on the line. Innovation, innovation, that’s all you ever say, But where’s the master plan?... — read more
Is anyone happy? Or even try to be?
I have to say it’s a little disheartening reading all of these posts. I have been unhappy with business decisions but at the same time I’m very thankful to have a job and a really nice place to work. I wish there was a little more balance here vs... — read more
Stock down to $73
HAHAHAHA FU!! Hope you’re enjoying your bonus and your raise.
Would you like a SMALL or double XL?
Let me preface this by saying, I'm sorry. I just walked through Nike CHI. Our (I still feel like I'm part of this) execution was horrible. We moved consumers to a DTC model. Great! NOT. As a consumer - if you have a body - I should have no issues... — read more
We have a product problem and look who is leading product?
HON !! the mastermind of the failed DTC strategy.... our issue the product. newness, innovation, etc. she's going to fix the product???? you need people who live, breath, sleep the PRODUCT. HON is not that.
This company insulates id--ts as leaders where as people who can make changes don't survive
Drain the swamp
I want out, but I can't decide between waiting to be laid off or quitting
On the one hand, waiting to be laid off means getting a severance package and collecting unemployment, but it also means a lot of people will be competing for the same jobs at the same time. On the other hand, if I quit, I can get ahead on the... — read more
Dear John
Dear Mr. Donahoe, I am writing to express my deep concern regarding the recent developments and strategic decisions at Nike, Inc., in light of the company's worst trading day in history, which resulted in a $28 billion loss in market value. As a... — read more
SEC MANA
Now that the program is live.. how do people actually feel? Did the business get a system of bugs with slow performance or was the shiny new thing actually a blessing which will help the business grow quick and fast?
DEI haters
I am guessing there are 3 or 4 of you. D-mb as he-l, and repeat to blame the issues on DEI like if that will make it true. Just want you to know the little value this place could have, you are stealing it. You said it already en most posts, so... — read more
Tell us your wildest Resilience story, I’ll go first.
They knew all about AC and her son running the biggest reselling operation in the country, but did nothing about it until it became known.
If you have a body....
If you have a body, you are an athlete!, If yoy have a pulse and a warm body, you can be Sr Dir or even VP here at Nike! We do NOT need any leadership skills or any prior training or experience in leadership!
Bonus calculations
I was comparing notes with other team members and it seems there’s confusion about bonuses this year. To my knowledge the bonus structure this year is new and different from last year and makes our earning potential based on band level less than the... — read more
Nike Supply Chain Team
What happened since Sprunk has left? All of a sudden a super diverse team of non athletic supply chain leaders took over and consistently focuses on logistics and knows nothing about footwear manufacturing! No wonder we can’t innovate in footwear... — read more
Nike isn’t cool, turn it around
To all the talented people: turn things around The brand lost it’s cool.
How did MD get a CTO position?
OK folks I am genuinely curious... I do not see any tech background or any product background in her previous experience. Also her PhD is in chemistry..? I am just curious how people make these moves or like when interviewing candidates, how Nike... — read more
Leave VPs, SDs and Ds Out of This
They don’t do anything and have no control. Be nice to these people because they’re literally swimming in the same unknown chaos as you.
Just a daily post so say FU Nike and your fake leaderships.
Directors, Sr. Directors, VP and Above. Fake leaders, No One Trust You. FU!
The recepie
At Nike, we let go of high performers, researchers, hard workers and whoever dare to think differently. We do CFE not based on performance but based on how the person look the part and kisses a-s. We also do not innovate! In fact we lay off... — read more
Start looking for job NOW
It is hard to believe there will not be any more layoffs this year or next year. Start updating your resume and look for job now while you still have the leverage. I remember asking our VP if there will be any layoffs in 2023 or 2024 and he kept... — read more
Notice how…
No one is buying the dip.. stock price basically unchanged since the big drop… Wall Street thinks the price can get even lower. no one expected to bounce all the way back to the 90s, but typically there would’ve been some clawback by now we have... — read more
Misclassification of Independent Contractors
Does anyone know if there is still an ongoing investigation into the misclassification of independent contractors?
The list of laid off positions was posted
On July 1 Nike filed the list of eliminated positions on the Oregon WARN website. A few things that stood out to me: Many Senior Director and Director positions were eliminated. I didn’t count but it looks like about 20+ VP’s also got the boot. ... — read more
Diversity Increases, Revenue Drops
Around 2017 the key HR initiative was the retirement cliff at Nike. The first generation of leaders would be retiring in the next ten years and we needed to develop the future leaders. Then JD came in and fired the leaders and their successors... — read more
Nike became any other company in corp US
Its sole purpose is to be a cash cow for C-suite and to conjure stock value for shareholders. These days it's always a short-term affair. The more money you can extract in the short-term, the better. Layoffs, cuts, reorgs - they all happen just for... — read more
Insurance canceled June 30th
Anyone else go through April layoffs, be told your insurance would continue through 12/28 and there is nothing you need to do only to have their insurance cut off on June 30th? WTF
Fire MN from NSRL
The fish rots from the head!
Dearest Gentle Reader (2)
Dearest Gentle Readers, After a brief, albeit necessary, hiatus—during which I have been privy to the most delicious banter in the most exclusive of chambers—I return with tales that will set tongues wagging and eyebrows raising across the kingdom... — read more
wonder how meetings between MF and HON are like?
given how he sh--s all over CDA and she's the architect of it...
Nike culture
Nike has a culture problem, and it’s been festering for years, well before JD took the helm. This isn’t just a blip; it’s a systemic issue. The upper echelons of management are a cesspool of nepotism and cronyism, propped up by an old boys' and... — read more
What would you do to save Nike?
Since everybody here seems to think they’re CEO material, then prove it. What would you do that's different from what’s being done right now by those currently at the top and why do you think that would bring better results? I’d honestly like to hear... — read more
Swoosh credentials no longer valid. Need to return items.
Any thoughts of how I can return items in the physical store now that June 28th has passed and my Swoosh credentials are invalid? Will they accept the "we just received your order" email even though it doesn't have barcodes?
Key Events
Correct me if I am wrong, pile on and expand if needed, here are 4 key things I am tracking, let's say this is last 4 years: March 2022 - Global supply chain issues slashed Nike's profit margins. September 2022 - Nike overbought inventory to... — read more
It's depressing to see a company spiral toward rock bottom like this
Just think of all the wasted potential in the last decade or so. We were at the top once and now we're getting closer and closer to rock bottom. It's almost unbelievable how things have changed in such a short time. All because of the greed of a few... — read more
I do not trust you to enable the chat feature but you must trust me with your life!
You know "trust" and "communication" are ruined when leaders need to disable the chat!
How do you think this ends?
I can't image the BOD putting up with another 6 months to a year of dismal gains. I give JD a max of 6 months but I can't image anything positive happening in the next 6 months either. He's dead man walking, lame duck, who replaces him at this... — read more
The only thing I’m sorry about is not being laid off during the last round
And I sure as he-l hope the next one catches me. Want my severance and to be gone from this mess.