Nike announces hundreds of layoffs in $2B cost-cutting plan
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- เผยแพร่เมื่อ 15 ก.พ. 2024
- The company said it will cut 2% of its workforce as sales continue to slump. Roughly 1,600 people will lose their jobs.
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Maybe NIKE can partner with Dylan Mulvaney again. It sure helped!!
Poorly managed company dumping employees. Who would have guessed!
Nobody can afford their expensive apparel anymore.
Most people can barely afford to put food on their table
So they just steal it instead.
Idk I voted Trump
@@lovewillwinnn😂😂😂😂😂😂😂😂😂😂😂😂
But did the executes take a pay cut first?
Hope the layoffs only affect the child labor in the overseas sweatshops.
Doubt it, cheap labor they will keep.
How much of that "shortage" is due to the CEO's Overpriced salary ???
So what if the CEO makes money, educate yourself and become a CEO...It's not their fault they have done well.
: ) Nike treats people like sh!t, anyway.
A good friend of mine worked there 30+ years. About 5 years ago, JUST BEFORE her retirement, they laid her off!!! 😳. Baloney company. 👎👎👎
God that's just America
Nike went woke. Guess what happens next.
How about reducing prices for items that are way over priced? Don't see that happening
I quit buying Nike years ago to expensive
They're very budget friendly when it comes to gluing their shoe soles together. Nike's are garbage never again.
Nike should do more projects with that MAN called Dylan Mulvaney, you did an excellent job John Donahoe! keep it up.
Not one layoffs in sweatshops
Is that why they've been letting all these athletes sign with Adidas and Puma?
They got Mulvaneyd .
Maybe they should ask Collin Kaeperdick for advice 😂
But all the little kids still need to work not here tho in other countries LOL
Without Jordan, it's a subpar show company
Go woke go broke. Well deserved Nike.
Nike has been suffering financially ever since John Donahoe and his leadership team assumed control of this great company. High time for some changes to leadership as well!
John changed ebay selling experience when he was CEO. I know a lot of sellers who disliked the changes.
“this great company”? 🤣
What about the resellers over at Air Mi?
I'm confused. Nike releases products in limited quantities (specifically the shoe market), forcing consumers to pay exorbitant prices on the resell market, then informing us that they are cutting jobs to save money??? Here's an idea, how about you make enough products to satisfy demand so you can capture market share from the resell market instead of crying that you're underperformed and need to cut jobs!! Who allowed the consumer base to be lost to the resellers???
But don't throw your diapers away just yet. The Thai workers will still be employed, so don't "sweat" it. No pun intended.., actually , yeah, pun intended.
The cost of labor has been going up in China the past decade, but corporations and the CCP are doing their best to down. Maybe this is a good sign they’re starting to crack down on child labor?
The glue that Nike uses to attach their shoe soles together with isn't performing at it's best either.
$2B / $1600= 1.25 million, sounds like your labor costs are like WOW fkn high!!
I stopped buying Nike shoes and apparel when Kaepernick became their spokesperson👎
OMG, you gotta be kidding, right?
Go Woke...go Broke🤷♀️. I feel bad for the employees for the higher ups decisions. Very sad for their families.
Well, they cut ties with Jordan and Tiger, and aligned with Colin...? Maybe that tarnished the brand? Just spitballing here.
Big hit to overpriced bougie restaurants in Portland
🤣
Nike is in the suburbs, they don’t drive into Portland to eat I promise.
The result of a brilliant marketing woke strategy. 🙄🙄🙄
Best of luck to those effected
Get use to it with all the shop lifting and zero laws in effect.
that is for sure.. Hopefully Trump change the law but I doubt it.
she's capitalizing off the mass lay offs ?
what? She was laid off and now she supports those dropped like a hot potato. Seriously what is wrong with people.
Pay attention!
Tiger Woods just abandoned Nike. Coincidence?
Not enough profit?
It's because they are so greedy!
Go woke go broke
Nike should focus on a line of basic shoes and clothing for people who are homeless or asylum-seekers. The Biden Harris administration is contracting to provide shelter, healthcare, food, and yes - clothing for them. Government contracts might help Nike avoid layoffs.
Nike's still a thing?
Nike giving the boot 🥾
I'm guessing most or many voted for Dems....This is what people wanted...
Wokeness 😂 and bad business model. They also abuse child labor laws
I knew something was funny when they let go of Tiger.
Yeah Tiger turned maga and started cheating on his wife like CHump
portland economic recovery is good to go, right?
Nike is in Beaverton though. But if you mean Oregon’s economy? Yeah not good news.
Yes
Hold on now start doing mobile delivery and recovery heck change the name. Have disabled kids create shoe designs. Change target audience oh and definitely make wide width available.
😂😂😂 good! Cheap product these days- sneakers fall apart or made of cloth - maybe they should hire that Dylan guy to do more sports bra ads - go woke go broke
🙄
Used the wrong spokesperson!!!
Overpriced
Cutting 2% of your workers is bad, but being ordered to pay $350 million for massive business fraud by NYC is way worse😂😂😂
Do you pride yourself in being low information? Or is it just a Dumass family trait?
That news really brightened my mood this afternoon! 🎉
@@Sufferingsassafrass You are an awful low information human.
Trump derangement syndrome
Trump 2024. Wonder why it took so long for this idk
Bidenomics 🎉
Bidenomics hard at work building back better!
Nike WAS such a great brand. The last few years they've turned WOKE and GAY. #FAIL #GoWokeGoBroke
Basically Nike embraced that thing call "Sodom and Gomorrah" which is all over the world now. We need the End of world to spot the madness.
Hahahahaha ...Gz Bidenomics!
Thanks now we don’t need are rents to go up
CEO said he hold himself accountable 😂... layoff 1600 buy keeps his job and multimillion dollar salary... fuk this life. Its really broken... being a good person isnt worth it...
Housing bubble coming.. Some will sell, some cant sell because of being underwater and finding another job. Not good for the portland area...
you mean bubble popping. It's already a bubble. I just sold my house today, people are nuts to buy at these prices. Happy to help them out.
@@standingmannequin7911 i thought we are going to be in a bubble, some analysts say on youtube that its a massive bubble, but still have not popped, and inflation has made prices not burst in some locations in america. Housing bubble or bursting, this will contribute to it, especially if nike corporate high paying jobs are being lost.
Another woke loser corporation.
Nike should focus on affordable shoes and clothing for people who are homeless or asylum-seekers. The Biden Harris administration is contracting with NGO's to provide shelter, healthcare, food, and yes - clothing. Government contracts might help Nike keep their employees and avoid layoffs.
Was this caused by the "Yeezy" effect?
Bidenomics.