Another Nike layoff hits – feels like a pattern now

Wow, just saw the news about another 1400 people gone from Nike as of June 6th. This is starting to feel like a recurring event, not just isolated incidents. The scale of it is pretty significant. It makes me question the company's direction. Are they still investing enough in innovation and future growth, or is it all about cutting costs to satisfy shareholders in the short term? The whispers about a $2 billion cost-saving measure definitely support the latter. I remember the speculation around the FuelBand a while back, and it seems like there have been other smaller cuts here and there. This latest one feels more substantial. For anyone impacted or who has connections within Nike, what's the general sentiment? Is there a clear strategy behind these cuts, or does it feel more like panic measures? It's tough to see such a big brand going through this.