Nordstrom Is Changing Its Tech Group; Layoffs Expected
Nordstrom is changing the structure of its technology organization, which is expected to lead to layoffs, though how many hasn’t been disclosed. The company is losing two senior vice presidents of technology, Travis McElfresh and Magali Muratore, though the company said their departures were unrelated.
The news of changes comes less than a week after Nordstrom released its fourth-quarter results, which showed a decline in sales.
Nordstrom co-president Erik Nordstrom told a Shoptalk audience that, while the retailer is moving in the right direction, it is moving too slowly.
Read more at Retail Dive.