Thread regarding Nike Inc. layoffs

@OP great point!! Only thing is that NIke is already knee deep in the muck, unable to move with no compass to know which way to to got(since swamp is usually flatland, if you don't know where you are or going then you are in deep sh2t) and last but not least there is crocodile swimming in.
You don't have mention Heinz or UA or any other corporation by cutting valuable staffs with know-hows and then became brain dead. NIKE JUST DID IT.

Now you have to see, if NIKE can crawl out of it or sink lower and drown or get eaten by crocodile

I am betting against EH doing it. And I don't think brunt of recession has arrived in US yet.

It’s the easiest button for all these executives. Instead of fixing the business they can keep cutting the “dead weight” then turn around and post a bunch of new roles for what they think will bring more profit.

It’s lazy, but I get it. Most of them aren’t in power for more than 5-7 years. Look at the CTO… I mean 4 YEARS tops. MM only was CHRO for 7-8 years.

I mean these folks aren’t hitting 10 years, so it’s what makes them the most money, the quickest. EH won’t be CEO for more than 10 years. Just the reality of things.