A $300M reorg charge will be taken. I take it this is for more than just the distribution center closures that were announced.
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Well, I guarantee they will not start the layoffs until after the majority of the company burns PTO on spring break week so they have less PTO to pay out alongside severence.
there are probably 1,000 just in VP/Director/Sr Director…
this place needs a giant eyeroll emoji
Wonder when the WFH emails will go out?
Just right about the size of a certain brand Nike has been eyeing divesting of
I am thinking 1500 total so maybe 1000 at whq.
I think in the high side it’s like 1200, depends on how many VPs are in there.
No way it's 2000, especially not when they're focusing on tech.
Gonna be like 2000 people
At this point, I want to get the severance package and leave nike. I can't take this sh-t anymore.
This is for future costs that will be incurred in the next quarter
Congrats! You’re only a few days behind the 8-ball.