Vantaggi
1) If you are determined to live in the Portland area, Nike is probably one of the better local employers to work for. 2) The brand is well-recognized, so having Nike on the resume can help secure interviews at good companies down the road.
Svantaggi
It seems like the company lost a lot of top talent due to mandatory back-to-office. Teams are siloed and don't work well together. Regular reorgs make it difficult to gain momentum. The culture is fairly passive-aggressive, ego-driven, and cult-like. The people who succeed here are those that drink the kool-aid, talk in sweeping generalizations, and become comfortable in stagnation. I left after 6 months. For context, I have 10 years of experience across half a dozen Fortune 500 retail companies.