Threatened by aggressive online competition, a disappointing retail prevailing environment of sagging profits and costs of rapid expansion as of late. Nordstrom said it expects to lay off 350 to 400 people to becoming more efficient and cut costs. Nordstrom layoffs correlate to lower profits, rising competition.
The majority of the cuts will come from its Seattle corporate headquarters, where marketing, finance, legal and merchandising departments are all looking at possible cutbacks.
The consumers face to the corporation are it’s Sales-floor positions. Sales-floor positions are not being considered for cuts.
The 400 positions represent nearly 6% of the company’s 7,000 employees who work for corporate divisions however not necessarily in Seattle.
Nordstrom will first look at nutrition of eliminating open positions. It then will make job cuts primarily in its corporate and then at regional support teams.
