Nordstrom Cutting Up to 400 Corporate Jobs

Nordstrom, Inc. announces it expects to cut up to 400 jobs, primarily be in its corporate center and regional support teams. The cuts are expected to be completed by the end of the second quarter. These changes are estimated to generate savings of approximately $60 million in fiscal 2016.

Changes to the operating model are part of the company's broader strategic plans to strengthen its foundation for future growth and improve productivity and service. The company has previously shared that it is continuing to make fundamental changes to serve customers better by leveraging its enterprise capabilities. Initiatives include a new operating model in its technology group focused on strengthening its ability to deliver on e-commerce and digital initiatives, and proactively addressing opportunities to improve supply chain and marketing effectiveness. The company hired a new Chief Technology Officer in March. 

"We will never change our commitment to serving customers, but recognize how they want to be served has been changing at an increasingly rapid pace," said Blake Nordstrom, co-president, Nordstrom, Inc. "Meeting our customers' expectations means we must continually evolve with them. We see opportunities to create a more efficient and agile organization that ensures we're best positioned to achieve our goals."