I've been with Nike for over ten years. Nothing but a downward spiral of varying speed. I've yet to see a real opening for progression, or a payoff for hard work. I gave up a while ago. I'm just waiting for my number to come up. I'm fully aware of how bad it's been out there, and it's getting worse. But I just can't do this anymore.
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Job market is really tough… you do not want this
@ab good?
Same thoughts here a lot of other folks too going through - waiting and waiting - when this will end if this will go on for ever .
@ay service time is calculated by your Continuous Service Date. For some returnees, this gets updated when you rehire. Just depends on what level and how long between the previous term and the new one.
@as thank you!
Perfect summary. If you haven’t read it yet, you should. This guy has a great read on the situation, as it applies to everyone’s personal situation. Truly profound thought leadership.
- Yes
- Latest only
- Severance is inclusive of warn coverage, not in addition
On a personal device, install chatgpt (free version) Feed it your details. Band, service period, etc… it’ll get you close.
@aw are you a cop?
@as most of the posts on here are from people who were already laid off trying to rabble rouse
@a6 or anyone else with the knowledge:
- Service time is component of severance
- how is multiple tenures calculated? Most recent or in total? Example: employee has 6 years total, first in 5, left, then returned and back for a year?
- is the result of this calculation on top of the 8 weeks to avoid WARN notice?
If you want to leave Nike, then leave.
People who actually want to leave don’t come on here and complain and moan. Instead they…find another job and leave! No drama, no public pronouncements, etc. They just move on.
I also don’t buy the “But I’m waiting on severance!” excuse we so often see. Because while Nike’s severance is comparatively generous, I can tell you from personal experience that getting it is very likely NOT something you’ll be celebrating. Because it will also mean you just lost your job and will have to attempt to find another comparable job in a market where few are hiring. Unless a person is already wealthy or financially care-free, no one in their right mind would hope for that situation. And I’m going to guess that most people reading this literally can’t afford to be unemployed for much longer than their severance will last.
So yeah, “I’m waiting for a severance package” is almost always code for either “I don’t actually want to voluntarily leave because I’m comfortable enough here” or “I don’t want to do the hard work of seriously looking for another job”.
People claiming they’re waiting for a severance package remind me of an old saying: “Be careful what you wish for, because you might just get it.” If you think working at Nike right now is stressful, try NOT working at Nike because you’ve been laid off and now have a hard financial countdown before you start raiding retirement accounts just to pay your monthly bills. That’s an entirely different level of stress and it’s absolutely not something that any sane person hopes to experience.
Even then, getting a new job means you’re “lucky” enough to be the new person at a new company where nobody knows you, you have no earned reputation to ride on, and you have to learn and navigate an entirely different work culture. That’s probably why all the pseudo-brave “I’m holding out for a severance package” crowd haven’t actually looked for another job and voluntarily left. They already know that the grass frequently isn’t greener elsewhere, and that starting a new job - while abandoning all the experience and social equity you acquired at Nike - isn’t most people’s idea of “fun” and “exciting”.
I’d love it if Nike DID offer voluntary severance packages. I suspect most of the people who come to this website claiming that’s exactly what they want, would suddenly and almost magically develop cold feet when they actually realized what taking that package really means.
@ad
20 weeks
6 months cobra
PSP and bonus eligibility
PTO payout
Kick in the a$$ on the way out
@a6 how many weeks will a PE with 5y get? I hope it is not 5 weeks
What if VP is impacted?
@a8
Your hiring manager won’t be able to help you. Either talk to your HRBP or your VP directly. Schedule a 15 min touch base to discuss it. They’ll know what’s up, and will keep it confidential.
@a3 if you get asked these questions at an interview you are being a little too honest about your feelings or are in a high enough management position that you SHOULD have been doing those things. none of this matters for us ICs
I heard HR is starting to ask who would be interested. Worth a conversation with your manager. Let them know you’re one foot out.
@a3 "the job market is garbage and I didn't want to be homeless" wow, so difficult.
@a3 effectively 4+ months of severance is hardly "trivial". other companies aren't going to be asking you "why did you stay on a sinking ship" that is absurd
We'll see if the WFH information comes on Friday
I feel for ya, but I also highly recommend proactively getting out as soon as you can rather than waiting for a trivial severance by wasting away while marketable skills atrophy. Loyalty to the swoosh is not rewarded outside the berm either, but rather results in incisive interview questions like “why did you stay hitched to a sinking ship for so long? Continue to follow leaders you didn’t believe in? Not fight for change?” Etc. In my experience, these were very difficult questions to answer effectively to the truly competitive corporate cultures still on the sharp end of the stick.
@OP hear you bruh