bruhhhh EH if you still didn't get to spot what exactly the cancer here, you are not fit to lead - both intel and nike undergone bloodbaths at the same time and were done and dusted... the turn around you keeps on saying - bruhhh intel achieved it by rallying from 17$ a share to 50$ a share, his first decision was engineering first , he changed the entire culture of the company by going ruthless over rotten & bloated bureaucracy, one of my friend told what exactly the contents of the email - "at present we are the company of managers managing managers and you don't write code / design chips / sell the end product then your job is under review"... innovation blended with engineering is the silver bullet, i swear if the 1400 lay offs you are doing right now doesn't weigh in the lionshare of bureaucracy, then this layoffs are putting lipstick on a pig, where each year that pig is bloating exponentially
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@OP comparing Nike to Intel is comparing apples to oranges.
Other than that they are big employer in Oregon, they have nothing in common.
Intel is maker of highly scientific chips while Nike is company that makes apparel and shoes that has to convince customer to buy it based on their subjective feeling towards it.
It would be like comparing P&G and Channel.
Intel hasn’t turned around. They are merely lucky that demand outstrips supply. A rising tide lifts all boats.
@a8 looks like you are one of the slide deck bureaucrat manager, what did you understand from the op's post?, am sure it def not about turnaround
Cutting tech has gotten us to this, if more cuts to tech Nike will grind to halt. Stock will head to Single digits, guarantee that.
Former contractor and selling short since the 70s.
I think EH drank too much of the sports kool aid. I listen to the earnings calls. Gutting tech might be directionally correct but not manufacturing (though I haven't seen that side so I can hardly speak to it). Biggest problem is actually the dividend. PK probably would never allow it to be cut. For the meantime cut the Snowflake dev budget to zero and a lot of the cruft will leave.