Nike cutting 1,600 jobs to cut costs

The pukes in suits aren’t rich enough?

“...as it contends with weaker consumer spending....”

“Consumer” theft, that is. Nike stores are ghetto catnip.

I go out of my way to find non-branded apparel. If it has one on it, I ask for a discount for advertising. Once in a while, it actually pans out.

The articles regarding lay-offs of major companies continue to rise in number. However, those lay-offs never seem to show up in the BLS job reporting numbers.

As to the tech sector, I read a few months ago that since Google, META, and other major tech companies had scooped up all the talent a few years ago, anyone laid off by those companies were immediately offered jobs by second-tier tech companies often-times in lower living-costs cities so they didn’t really show up in the job-loss numbers. Miami is apparently developing a tech sector and many computer techs are happy to move there due to the relatively (but rapidly rising) lower cost of living.

Nike may be partly “Go woke, Go broke” and partly due to the fact that consumers are reducing the discretionary purchases due to Bidenomics. For, no matter what the media tells you, the economy is NOT great and the middle-class which is the back-bone of the economy are cutting back on unnecessary retail purchases due to the increased costs in utilities, property tax, and insurance. Let’s not get into the cost of groceries which is taking a bite (no pun intended) out of everyone’s monthly budget.

Anyway, when WILL these lay-offs start being reflected in job reports or will the media and government continue to tell us that “all is well” until and if Trump is elected in November? Because if he is, the following day and even before he takes office, the media will immediately inform us the economy is tanking and it is all Trump’s fault.

BTW, and as a somewhat related side-note, remember Paul Krugman’s prediction the night Trump was elected in 2016?

“It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.

Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never. Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis.”

Gosh, that guy is such an idiot!

Will there be less shoes to shoplift?

They will have to switch to stealing work boots....wait, what did I just say?

Best economy ever.

Have they not thought of marketing Trannie Trainers?

slave labor in foreign lands is healthy though