Hearing consistent "rumors" about restructuring at the stores and some in corporate. A few friends said they already had some people let go. Would be nice to know if it has been confirmed.
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Massive restructure in Michigan. Only 2 DMs for second floor and 4 for 1st, with only 6 ADMs remaining 3 of which are in shoes. They moved people around and offered them positions most of them didn’t want or to take a severance. In my opinion, changing the cosmetics return policy would save the company millions. Of course saying no returns would get ugly but simply change the process where everything gets damaged out. Just my store alone damages out around $10,000 a week. Now do the math. 52 weeks in a year, 122 full line stores that’s $63,440,000. A year. Talk about a loss. And that’s just a ball park amount. The biggest stores have a lot more per week. Instead of damaging out perfectly good items let’s check them over at the point of return. Open the item, inspect it fully, if it even looks mildly used or tapered with, damage it out. If it’s fine, put it back on the floor or drawer. There is also money loss in tester damages as well. My point is, getting rid of so many employees is not going to save money or make it. Customers are constantly looking for someone to help them. Back in the day employees would talk to you so much you’d get annoyed. Now they have to walk from one side of the store to the other just to have someone open up a fitting room. Which leads me to another big loss. Theft. Nordstrom added towers but it does no good. Less employees checking on people in fitting rooms means more customers helping themselves. Rant over.
They're laying folks off in Colorado at full-line, around 15 managers in Denver. Don't know about the rack but the thought of them having to do even more with less sounds like a nightmare.
Lay offs for sure. It all depends on the store manager TBH and it also depends on the store manager if someones pay is increased or not. I know someone who got a pay increase at another store but one didn't when her department was merged. Severance is offered.
They are doing public announcement towards the end of the week from what I've heard. 30-40% of management to be "restructured" (aka "your position no longer exists") at least that's how all of the stores we have friends in have been so far. Doesn't seem to be affecting HR (I think they got "restructured" a while back from what I recall) or restaurant division people though. The one Rack we have friends at in management is also having restructuring happening as well to have less managers on the floor so it sounds like this will be affecting more than just full-line.
Crazy no one seems to be talking. Are they really being asked to sign NDAs? How are the numbers panning out - 50%? More, less? Do people know from their individual meetings whether they’re safe, or will it take a while to get a final answer? Any word on severance?
Yes that’s exactly what’s happening at my wifes store today, and more tomorrow. A lot of crying and managers asked to take the demotion or the door on the spot.
My husband is a dm for full line. They had meetings today and sounds like a bunch of adms and dms were affected. Crying people everywhere. Basically merging a bunch of departments and telling people they can either take a demotion or the door. They did those people first so that the people who weren’t getting cut/demoted would see them. DMs and adms who are remaining are being told they have more responsibility with no pay increase. S---s all around since the people and sales associates who are staying are going to keep getting smaller and smaller commission checks as store sales and traffic gets sent to online (which is where the company is putting their money at - I don’t fault them for that but it’s a fact and they’re going to start losing sales associates as commission checks get smaller and they keep drawing)
Worst case: A lot of managers/asst managers are loosing their jobs in a massive reorg within the store
What's the worst case scenario?
All managers are required to sign NDAs after meetings today and tomorrow. Some are visibly shaken.
Meetings have happened but no info leaks
There are meetings scheduled for Monday.
yes they are laying people off in San doego