For decades Nike was about growth, optimism and building greatness which drove culture and results. Now it is a place where people are fighting to survive and make decisions out of fear. Much different, and won't work ever.
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“Now?”
Surely you realize this has been the case since at least 2018. Perhaps even 2014 or 2007 depending on your tenure and perspective.
This is what mature companies are like. My prior large firm behaved like this too. When revenue doesn’t grow cost cuts drive eps.