1400 gone at Nike - what's next?

Wow, 1400 employees. The MSN article confirms the latest round of layoffs at Nike. This is serious. It's hard not to feel for everyone affected, especially when it's this widespread. I keep thinking back to that $2 billion cost-cutting plan they announced – these layoffs are clearly a huge part of that. It makes you wonder about the stability of the company, even with its strong brand. Are they really optimizing for the future, or just trying to boost short-term profits at the expense of talent and long-term innovation? I've heard whispers about certain tech or innovation roles being disproportionately affected. If you're still at Nike, how are things feeling? Is there a sense of unease or clarity about what's happening? It’s tough to see this happen to such a well-known company, and it definitely raises questions about their direction.