Investors are reading this website.
Informing/complaining about Layoffs are okay but sending too much information might have an effect on stock price. Just for your information.
18 replies (most recent on top)
Did you get what you wanted out of this post?
That person that reported got a hard R.check
paid 3 billion to ACN for a useless and broken ERP that overpromised and underdelivered
Amazing! New skill unlocked or undelete.
thank you mods!
I’m back in baby!
Just a post to flag that this thread has been undeleted
Thank you mods!
Good to know investors are reading. Maybe they should also read why layoffs are happening instead of worrying about people talking about them.
at AD, amazing post and recapture of everything!
I think, OP is speechless!
Let it Rot
Hey all OP has a point. We should stick to the publicly available facts here. Like the below:
- We pay a ton of money to exit great people that don’t fit what management is looking for. The same management that overhired in the first place.
- We have a stated policy of paying execs more if they collect enough specific races and genders in their organization
- The federal government is in an active EEOC investigation with Nike
- There is an open SEC investigation on c-level leaders running an alleged pump and dump scheme; misleading leaders on unsustainable DTC growth
- Tech leadership for a decade has been a rotating door of external hires; that by all accounts have failed… as measured by short tenure
- We haven’t had a year without a layoff in the last 10-15 years?
- The former head of HR exited last year is still getting paid; and will be through the end of the year. And, while not working; will earn more this year than an average employee will earn in a lifetime at Nike
- Nike burned relationships with wholesalers, at the same time they overprinted key franchises, at the same time they unified the tech group that built a successful DTC model
What other facts should we stick to?
heY gUYs mY BoNuS iSnT boNUsINg eNouGH YeT!
HAHA OP got blasted
Oh no! Too much information might damage Nike's precious stock price? Whatever will I do?
What d-mb investor would read this website and make investment choices on that.
Half the posts are bots from AI farms anyway.
What happened with Nike being a badass company. We used to tell the market and be edge-y. When did we become this weak and step away from our creative cool spirit & let HR tell us what we can and can't do. Can't have more than 2 beers during an event.... or cr-ppy tacos that we cooked 3 days ago.. I am thinking of you food service.
I support leaders getting a reality check here & hope they read it. Nike leadership since won't let that happen internally. MF (CFO) needs to go
I remember when we blasted JD during that zoom call and he left a few months later.
Honestly, nothing said here could impact the stock anymore than poor leadership and Wall Street already knew with the $300M write down. Nike is down -11% YTD.
Leadership has done a fantastic job of doing that.
OP - Can you post the link to the employee relation portal that doesn’t result in retaliation? Maybe we could use that instead.
Fair reminder.
But, what specifically or generally are you referring to? Sure, there have been some raunchy posts about named leaders. Those have been removed.
Linking or quoting articles? Disparaging leaders? What has you concerned? The truth?
I hope investors see an honest picture of how bad things are then!