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Layoff Report
1400 Layoffs at Nike - Anyone Have Specifics on Affected Teams?
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0x7f73…4468Officially confirmed now, 1400 people out the door at Nike as of June 6th. Pretty brutal, especially with the context of the $2B cost-saving initiative. While the broad strokes are out there (news articles citing MSN), I'm trying to get a clearer picture of which departments are taking the biggest hit this time around. Is it primarily focused on specific functions within Apparel, or is it more widespread across the organization? Some chatter from earlier this year mentioned wearables and maybe even scaling back on certain digital initiatives. This latest wave feels different though. If you're one of the affected or know someone who is, and feel comfortable sharing any non-confidential details about team impact or severance, it would be really helpful for those of us trying to understand the scale and direction of these cuts. Morale is definitely going to be shaky after this.