nike employees are the most pessimistic theyve been in 18 months pulled the employee sentiment data on NKE and it does not look great.

the employee business outlook score (according to altindex) has gone from 58 in march 2025 to 48 this month. thats basically a straight line down for a year and a half and its the lowest reading in the whole window i can pull. what makes it odd is everything else looks fine. linkedin headcount is up around 20% year over year. open postings are up. july site traffic was up about 12% from a year ago. so from outside it looks like a business thats still growing, and inside it the people are the least optimistic theyve been since i started tracking this. stock is around 40 bucks, was mid 70s this time last year. i pull the outlook number off altindex, glassdoor is obviously the raw source if you want to dig. honestly not sure how much weight to put on this. employee mood can just track the stock and the layoff headlines instead of leading anything. does anyone here actually trade off employee outlook, or is it a lagging indicator dressed up as an early one? https://preview.redd.it/n24wqbx5aknh1.png?width=1880&format=png&auto=webp&s=44dfc3c441a1ecdfc15583dc88f455a46b0f7e0f