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Nike to Cut About 2% of Workforce Nike will cut about 2% of its total workforce, or more than 1,600 jobs, according to the Wall Street Journal .

The total cuts will amount to about 3% of headcount that has ballooned to almost 47,000 from 28,000 just five years ago and 17,000 in 2012.

For WorldatWork Members 2025-2026 Salary Budget Survey , research;How to Communicate Pay Frequency Changes , Workspan Magazine article;Comp Talk 101: Training Managers to Communicate Pay Decisions , Workspan Magazine article;Teaching Employees About Pay Helps Avoid Transparency Problems , Journal of Total Rewards article;Salary Data Center , tool; For Everyone 5 Ways Comp Pros Can Maximize Their Market Management Tool , Workspan Daily article;Benchmark Gaps: Staying Market-Driven When Comp Data Is Missing , Workspan Daily article;The Five Goals of a Strong Compensation Structure , Workspan Daily article;Perception Is Everything: The Path to Pay Confidence , Workspan Daily article;AI Can Reduce Bias in Pay Decisions — If It Doesn’t Embed Them , Workspan Daily article;Salary Budget Planning Playbook: Data, Strategy and Insights for the Year Ahead , webinar; Organizations and their total rewards professionals make compensation decisions on a daily basis

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Employers should use a “Goldilocks” approach to setting salary increase budgets, lean on total rewards and ensure you’re sending the correct message to existing and prospective employees.; Confusion is a natural response to recent headlines about the economy, the alarming spread of layoffs (particularly in high tech), continued high inflation and the undeniable — yet stubborn — reality of labor shortages.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation;Finance and Budgeting; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

Of the total sample, 138,411 individuals employed in 330 organizations received a bonus (12% of the total).

Cover Story Workspan Magazine Rewards Roundtable - A Global Perspective Members of WorldatWork’s Global Advisory Council discuss the key issues facing total rewards leaders to keep a finger on the pulse on the profession.

However, the survey, which collected responses from 155 sales departments with a total employment of nearly 150,000 sellers, found one pronounced employment trend worthy of attention: open positions.

Kevin O’Connell, director of total rewards and HR operations for Samsung Semiconductor, shared that the company doubled their normal salary adjustment budget for 2022, in addition to establishing a competitive merit increase budget.