Thread regarding Nordstrom layoffs

Impacted by layoffs? Contact this reporter

My name is Hayley Peterson and I'm a correspondent for Business Insider. I'm following up on the reports of layoffs at Nordstrom. If you know anything about the layoffs or have been impacted by them, please contact me. You can reach me by email at [email protected] or on the secure messaging app Signal at 646-768-4757.

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Post ID: @OP+15J8ROKw

3 replies (most recent on top)

Nordstrom has treated 6k laid off employees so badly.

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Post ID: @9ido+15J8ROKw

I was really looking forward to being one of the last people standing but now with the layoff I won't be able to experience that...

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Post ID: @czh+15J8ROKw

Well hello there. This may be useful background for your article.

The recent 10-Q from June indicates how fragile are Nordstrom's finances, see:

https://press.nordstrom.com/node/42146/html

Please note especially pages 7 and 13. I have been making the point in this forum that as of this 10-Q, all of Nordstrom's cash-on-hand is borrowed, the $800MM from the revolving LOC and an additional $600MM from a special high-yield debt offering from this Spring. The company has little room now for error.

Good luck, and please post the URL to your piece when it is available.

yours truly,

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Post ID: @tls+15J8ROKw

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