Hoping this can be the starting thread for any updates/rumors about the 20% workforce reduction they’re positing for the second week of June.
Does anyone know which parts of JWN are more affected? Retail? Corporate? Customer facing? Different divisions (I.e., Rack, Hautelook, Trunk Club)?
Kitchen-sink earnings, all the bad stuff is laid out on the table. Nordstrom has a pretty straightforward, upright business, no legal frauds to hide smelly things. The company actually pays a lot of taxes, compared to financial ponzis or artful cons like Amazon.
Tomorrow is Friday, end of the month. Pink slips? Is 865 even open to have its conference rooms booked up? Come in to return your laptop and get your packet. Get COBRA for the COVID? Or self-med with zinc tabs and a spray bottle of Clorox kitchen sheen?
Keep cutting and cut 80% of people making over 140K. Make salaries available to everyone internal. Use vote “in or out”. Borrow some ideas from Purge! Do it
Tech ~25% (up to director). Retail 45%.