Nordstrom layoffs, on the record
Every job cut, severance charge and restructuring Nordstrom reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 60,000 to approximately 55,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 60,000 | January 28, 2023 |
| 10-K for 2024 | approximately 54,000 | February 3, 2024 |
| 10-K for 2025 | approximately 55,000 | February 1, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded restructuring costs tied to a regional and corporate reorganization, including amounts in cost of sales and SG&A.
Word for word“Severance In 2020, we recorded $ 88 of restructuring costs in connection with our regional and corporate reorganization, including $ 25 recorded in cost of sales and related buying and occupancy costs and $ 63 in SG&A on the Consolidated Statement of Earnings.” 10-K for 2023
Our summaryNordstrom Canada's CCAA proceedings led to an employee trust being set up to fund termination and severance payments to Nordstrom Canada employees, and the trust has since been terminated.
Word for word“In connection with the filing, Nordstrom contributed $ 11 to establish an employee trust to fund termination and severance payments to employees of Nordstrom Canada.” 10-K for 2024
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2021-01-30 | $88 million | — |
| 2022-01-29 | $88 million | — |
| 2024-02-03 | — | $284 million |
Nordstrom filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Nordstrom’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-03-21. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.