Imagine if EH is reportedly tired with his salary how tired the employees are. I imagine designers have a hard time being creative and most others are not doing anything from what I see, expecting layoffs that won't push the needle or address the real issue.
I would challenge the ELT to send us an email saying how many VP we have down to senior manager and take massive cuts and NOT rehire. There is little value in the layers of leadership.
This would immediately make the actual doers feel heard and increase productivity without the (in many cases) micro management based on ego fear (particularly in tech).
Take a risk. Another useless layoff with all weak leaders and many layers of vp to vp to vp or dir to dir to dir remaining will make no difference.
We still dont have a clear plan except go out and create but its hard to do that tired and unheard.
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definitely looks like an under armour story
omg what if the stock declines to 4 dollars!
Yup. This company has close to 300 VP’s and many more Sr. Directors and Directors. I’m not kidding even a little: cut about 50% of them and consolidate the massive bloat and excessive layers of management.
When people talk about VPs reporting to VPs and various directors reporting to other directors, it’s funny because it’s true.
This company became top heavy during flush times when it could afford the bloat. Those days are long over. If Nike doesn’t start making some brave and tough personnel decisions soon it’s going to be even more difficult to dig out later. We’re slowly turning into Under Armour as it is. They used to be cool…until they no longer were. Now, that company can’t cut people fast enough and it has a <$6 share price to prove it.
Come on, Nike. Do the necessary and start saying “Bye, boy!”
100%. VP reports to VP just insane. And look, we all know how telephone game works…if executive teams really want to know what happened, just go directly to the people who work in the front line and I guarantee they will hear something totally different but authentic.