After getting hit with horrendous quarterly results, and after firing their chief diversity and inclusion officer, a position that should never be found in any company, Nike has announced that they are going to start layoffs in Oregon and restructure their organization.

So, Kapernick gets paid, and the employees get fired. Well done, idiots.

Nike, after disclosing a rare money-losing quarter in June, announced layoffs that will eliminate at least 500 jobs at the company’s world headquarters in Oregon, according to the state of Oregon's Worker Adjustment and Retraining Notification web site.


In a letter from Kim Lupo, a Nike vice president sent to three local officials, Lupo wrote that Nike "will be permanently reducing its workforce by at least 500 employees at its World Headquarters." The letter informs the officials that the "expected date" to begin the layoffs will be Oct.1 and will include "members of NIKE's corporate leadership team and some corresponding executive assistants."

https://www.foxbusiness.com/sports/nike-...-oregon-hq

They should give every exec job in the company to a POC. Phil Knight too. He needs to believe in something and sacrifice everything. Don't talk the talk, walk the walk.

darn darn darn.....dem Doc Martin's are making a comeback....

funny what happens to MKT when ya shut down a market based economy....

Looks like Kaepernick isn’t the only one sacrificing everything.

But but but we were told to frick off our dollars didnt matter.

Bwahahaha

(08-04-2020 09:07 AM)shere khan Wrote:  But but but we were told to frick off our dollars didnt matter.

Bwahahaha

sum $$$ matter....

Nike is the embodiment of every company I refuse to do business with. The list is growing daily.

It's almost like the woke folks don't open their checkbooks...

(08-04-2020 09:34 AM)ECUGrad07 Wrote:  It's almost like the woke folks don't open their checkbooks...

one doesn't need a checkbook to loot.

I think we will see more layoffs. The big companies have been holding the line, waiting to see what things look like.

The first round of layoffs was all the small businesses. Now that they are recovering, its going to be the big ones.

The good news is that the 2nd quarter was only down 9.5% (annualized rate was plugged by media-over 30%). I thought it would be a much bigger decline.

(08-04-2020 09:47 AM)bullet Wrote:  I think we will see more layoffs. The big companies have been holding the line, waiting to see what things look like.

The first round of layoffs was all the small businesses. Now that they are recovering, its going to be the big ones.

The good news is that the 2nd quarter was only down 9.5% (annualized rate was plugged by media-over 30%). I thought it would be a much bigger decline.

have ya checked out AMZN and AAPL since my first purchase/post back in Feb/Mar...........yeahhhhhhhhhhhh

talk about gimme putts....

this is why I post as early as possible in any thread....I'll own it if I'm wrong,and toss it back when I'm right...

I wish I had the balls and time to short....that's even easier with these fktards...

(08-04-2020 09:50 AM)stinkfist Wrote:  

(08-04-2020 09:47 AM)bullet Wrote:  I think we will see more layoffs. The big companies have been holding the line, waiting to see what things look like.

The first round of layoffs was all the small businesses. Now that they are recovering, its going to be the big ones.

The good news is that the 2nd quarter was only down 9.5% (annualized rate was plugged by media-over 30%). I thought it would be a much bigger decline.

have ya checked out AMZN and AAPL since my first purchase/post back in Feb/Mar...........yeahhhhhhhhhhhh

talk about gimme putts....

this is why I post as early as possible in any thread....I'll own it if I'm wrong,and toss it back when I'm right...

I wish I had the balls and time to short....that's even easier with these fktards...

This. The old TSP is stronger than ever after switching to the large Caps last year. NASDAQ is the bomb.

(08-04-2020 09:57 AM)Eagleaidaholic Wrote:  

(08-04-2020 09:50 AM)stinkfist Wrote:  

(08-04-2020 09:47 AM)bullet Wrote:  I think we will see more layoffs. The big companies have been holding the line, waiting to see what things look like.

The first round of layoffs was all the small businesses. Now that they are recovering, its going to be the big ones.

The good news is that the 2nd quarter was only down 9.5% (annualized rate was plugged by media-over 30%). I thought it would be a much bigger decline.

have ya checked out AMZN and AAPL since my first purchase/post back in Feb/Mar...........yeahhhhhhhhhhhh

talk about gimme putts....

this is why I post as early as possible in any thread....I'll own it if I'm wrong,and toss it back when I'm right...

I wish I had the balls and time to short....that's even easier with these fktards...

This. The old TSP is stronger than ever after switching to the large Caps last year. NASDAQ is the bomb.

Covid pushed brick and mortar off the ledge....

When you use actual slave labor and still can't make a profit....

(08-04-2020 10:04 AM)georgia_tech_swagger Wrote:  When you use actual slave labor and still can't make a profit....

...your HQ is in the NW?!

...the USD stops moving?!

....the product is stale?!

@onAndon

It's not just that people turn away from you when you go woke, it's also that the woke are absurdly fickle.

Its hard to make a profit on sales to woke rioters who steal the shoes from your storefront. Especially after you have turned the paying customers off with your wokeness.

(08-04-2020 09:07 AM)shere khan Wrote:  But but but we were told to frick off our dollars didnt matter.

Bwahahaha

“Republicans buy sneakers too.”


Someone had it right a while back. Now we get kaperd!cked.

500 hundred+ people. That’s no small reduction. Hunh

(08-04-2020 08:00 AM)UofMstateU Wrote:  [i]Nike, after disclosing a rare money-losing quarter in June, announced layoffs that will eliminate at least 500 jobs at the company’s world headquarters in Oregon, according to the state of Oregon's Worker Adjustment and Retraining Notification web site.

Oh good 500 more Oregonians who have plenty of time on their hands to burn schidt down and take things that they didn't pay for.

(08-04-2020 09:34 AM)ECUGrad07 Wrote:  It's almost like the woke folks don't open their checkbooks...

They’re facing a double or even triple whammy. Grown men on their knees isn’t a good look to many, “made in China” in sweat shops at around $2.80 a day on average for workers turns off others.

Banking on the gigantic market in China to save your assses is seriously flawed as well. Why? They make about 2.80 a day. Tough to buy $125 sneakers at that rate.

Said it a dozen or more times by now: China needs us and our markets, we don’t need China, and in this instance, nor Nike.