Thread regarding Nike Inc. layoffs

Nike should spin off or sell Converse. It does nothing for the Nike brand.

@cw Nike is too big with wrong generals and officers at the top. Which means that there are demoralized, unconvinced and self saving soldiers below them as army.
We have seen armies like that in movies before. And we also know end result of such army. Total annihilation!!!
NIKE IS FORMERLY SUCCESFUL ARMY THAT BECAME TOO BIG AND NOW HAS STAFF THAT IS NOT IN HARMONY OR IN COMMUNICATION.

PK can you hear me?

Just Do It!!! What does that mean?

Too big- I’ll entertain the idea. But to shift your thinking here for a quick second, if you continue to sc--w your best talent over, and don’t make this just about tech because it’s much bigger than that, repeatedly, it becomes a different problem. You know, the actual contributors, the people that have “innovative” approaches to the work, that actually care about their roles, their work, the org, the people that wanted better for Nike, those are the people they’ve sc--wed. The people that cheat steal and lie to cover for the BS, those people are still there. At the core of the problem, it’s that. With DEI and cost at the forefront of decisions, not retaining the right people based on merit and actual work, it falls apart. We all saw it. The public absolutely sees it. I acknowledge your enthusiasm, but it’s just not reality.

@aq So many fake believers. The only reason the stock ticked up is the empmoyee sale last week, desperate times

@aq Nike is not Boeing, Exxon or JP Morgan. Don't think that Nike is untouchable.
FYI, Meta/Facebook has more profit than Nike has in sales.

Nike is in consumer discretionary category (Wall Street used to hate this category because it can go down fast). And that means that people can change their taste anytime.

@OP too big to fail