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Nordstrom Swings the Axe, Cuts 120 Tech Jobs

Nordstrom laid off 120 members of its technology team last week, adding to the 10 cuts it made earlier this month.

The company confirmed the news in a statement to GeekWire on Friday, revealing that the layoffs were part of a restructuring process that’s been in the works for at least seven months.

“We have had people impacted at the vice president, the director and the senior director levels, and other levels,” spokeswoman Tara Darrow told GeekWire, noting that some roles have changed, while others have been eliminated.

Separately, a number of top executives have left the company, including the vice president of technology, Bill Tucker, John Mayfield, vice president of enterprise architecture and system development and support, and executive vice president of selling technology, Sam Hogenson.

“Restructuring the technology team was just one part of a larger effort that we had undertaken to ensure that the organization’s operating model is best prepared to support our company’s future growth goals and provide us with a competitive advantage moving forward,” the statement from Darrow continued, adding that the company doesn’t anticipate further cuts going forward. “We believe these organizational changes position Nordstrom Technology well to deliver for the future.”

In February, Nordstrom reported lackluster fourth-quarter earnings and said that last year’s $300 million investment in technology and e-commerce hadn’t delivered the results the retailer had been hoping for. To that end, it doesn’t intend to increase its technology budget this year.

Nordstrom stock (JWN) opened Monday at $56.02 and was trading at $55.96 by 11:00 a.m.