Are all the exits done?
11 replies (most recent on top)
OMG why keep so many layers thats the problem. Peaople are more productive in small empowered teams. Just ask Phil.
Makes sense that layoffs target more senior employees. Aside from Nike being top heavy to begin with, if a company is trying to cut costs then exiting the people making big $$$ has an obvious logic to it.
My only fear is that this won’t be the last layoff. Between Nike losing market share in an increasingly competitive landscape, an economy that feels increasingly fragile with consumers carrying absolutely massive amounts of debt, and the almost certain implementation of AI solutions in the upcoming months and years, I have a hard time believing Nike will be able to maintain current headcount in the long run.
Maybe I’m wrong, maybe I’m not. Time will tell and there’s no use anyway worrying about things outside our own control.
@ad the email literally said less than 1% of the corporate team, read your damn email
Not yet…OP you are next
All exit conversations have happened.
Many people have an option to exit or get demoted, and those people were given 48 hours to choose. Thus more exits may happen, but initiated by conversations that happened on Tuesday.
@ad they try to not give a specific number because people start to fixate and count that way ahead of time. Adi gave a number and asked for volunteers was a nightmare to deal with the speculations of have we hit the number yet. Just acknowledge there is no good way to go about this and everyone is going their best.
@ab Yea, I wish Nike were more open when they give scope. Like "1%" doesn't help if you don't know 1% of what. All of Nike (75K)? Just corporate? Just WHQ? I know Global Tech went through theirs already, so are they counted in the 1%?
You know numbers at the point you make the announcement -- just say "we're going to let go about 150 people" or something. For whatever reason some people are really resistant to being even somewhat precise. I'm not looking for "132 people" -- that's probably hard because some people will probably be offered a new position OR a severance but "about 150" is much better than "1%"
At least this isn't like when JD said "we'll be doing layoffs next year, merry Christmas, stew on that for a couple of months". So happy he's gone
There seems to be a lot of manager and reporting line shifts today. Our team was combined with another team and an added layer of management.
@a9 that’s not nearly as bad as the doomers suggested.
There were about 140 folks let go yesterday. Today it's been under 20 (trickling in throughout the day), so I think it's nearly done, just mopping up.
Most of the folks seem to be mid and upper management (directors, senior directors, GM, etc.). Not to see there haven't been quite a few IC's but the management seems to have taken it the hardest for layoffs.
CS confirmed that APLA exits are done. Not sure about global/NA/GC.