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Comments (2)
It feels like the shift toward becoming a 'logistics company' has been painfully obvious for a while now. When leadership prioritizes quarterly margins over the actual craft, you lose the competitive edge that made the brand special in the first place. You can only cut costs and rely on past legacy for so long before the innovation gap becomes impossible to bridge. It’s depressing to watch the R&D side get hollowed out just to make the balance sheet look better for shareholders in the short term.
I think people are romanticizing the past a bit too much. Every massive corporation goes through these cycles where they need to lean out to survive the current market climate. Nike isn’t going anywhere, and they still have the best supply chain and marketing machine in the world. Sometimes 'gutting the soul' is really just getting rid of bloat that accumulated over years of over-hiring. It’s a business, not a research lab, and right now, the business needs to focus on profitability over everything else.