Nordstrom lays off workers as it closes stores and cuts executive pay - Business Insider

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Nordstrom says it's cutting corporate jobs as it closes 19 stores and slashes executive pay

"We're realigning and reducing our workforce to support our market strategy, including in our corporate support teams," a Nordstrom spokesperson said in a statement to Business Insider.If you work at Nordstrom, contact this reporter at hpeterson@businessinsider.com or on Signal at 646-768-4757.Nordstrom is laying off corporate workers as it grapples with the impact of the pandemic to its business, the company said Wednesday.

"We're realigning and reducing our workforce to support our market strategy, including in our corporate support teams," a Nordstrom spokesperson said in a statement to Business Insider.Seattle Times"Every eligible employee will receive a separation package that includes severance, benefits assistance and outplacement support," Nordstrom said in its statement to Business Insider.

"COVID-19 has had a very real impact on Nordstrom, accelerating the importance of our market strategy and capabilities we've invested in for years," the company said Wednesday. "We're making adjustments that enable us to respond to current economic conditions and supporting rapidly evolving customer behaviors."Get a personalized selection of top stories daily based on your preferences. Sign up now.

 

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Why no one buying $600 jeans or $400 shirts, does slow economy hurt wealthy?

Nordstrom should only be an online retailer

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