Should I be worried about layoffs?

Nordstrom lHrQ26
Sep 11, 2018 131 Comments

We got a new ceo from Intuit and everyone is talking about layoffs coming soon. Is it normal for a ceo to come in and downsize a company shortly after joining? Also, does anyone know anything about this guy Brad Smith? Why would he leave Intuit to join a dying company? It doesn’t make sense.

https://www.prnewswire.com/news-releases/nordstrom-inc-announces-brad-smith-as-chairman-of-board-of-directors-300704254.html

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TOP 131 Comments
  • Intuit tulane99
    You sound like an asshole.
    Sep 11, 2018 2
    • Intuit zaEh68
      ^Brad Smith
      Sep 11, 2018
    • Apple Cw9fUz
      Brad / Tulane seems to be making friends at Nordstrom already lol.
      Sep 11, 2018
  • Google EeKHYw
    An accounting guy is now taking over an antiquated retail behemoth and you're asking if you should be worried about layoffs? Is water wet?
    Sep 11, 2018 6
    • Intuit Hevcu67
      Want a referral to Intuit? Must be at least a yellow belt to apply.
      Sep 11, 2018
    • Groupon karmaIs
      Nordstrom's is not an antiquated retail bohemoth. It actually is the best thing since sliced bread. You would know this if you cared about fashion or customer service.
      Sep 14, 2018
    • Joyent / Eng
      scooby doo

      Joyent Eng

      PRE
      IBM
      scooby doomore
      You know you are in trouble when they hire a financial type as CEO. That means they are prepping for an event of some sort.

      Find a new gig.
      Sep 14, 2018
    • Microsoft IEjP42
      He’s not taking over, nor the CEO.
      Sep 14, 2018
    • Stripe / Eng qwJl25
      FYI, water isn’t wet 😜

      Source: http://scienceline.ucsb.edu/getkey.php?key=6097
      Sep 15, 2018
  • Intuit zaEh68
    Have fun with this guy lol
    Sep 11, 2018 9
    • Intuit 1ua1GH
      He's a black belt or one of the important belts and always talks about it. Every CEO picks one obscure thing to pretend they care about to stand out. You know how it is.
      Sep 11, 2018
    • Facebook xrHmAi
      My name is Brad Smith and I'm about to karatay chop jobs at Nordstrom! Hay ya!
      Sep 11, 2018
    • Pandora uUdS63
      Brad Smith’s words of wisdom?
      Sep 11, 2018
    • Microsoft / Eng Goivenglav
      Prison rules. Kick someone’s ass the moment you get there. Lest you become the market’s bitch.
      Sep 13, 2018
    • Tesla / Eng so kool
      And I was wondering why Elon talks about those stupid tunnels all the time...
      Sep 13, 2018
  • F5 Networks / Eng cardib
    Join us.

    We got a new CEO an year back and lost 400 people in reorg. Don't see any more layoffs in the near future. It happens a lot by the way.
    Sep 11, 2018 12
    • F5 Networks / Eng 1u2ir8v3f7
      To add more, F5 isn't just a LB company. We have tons of products and great revenue coming through Security.

      Check our articles on WAF, DDoS protectors. Also check about F5's multi app, multi cloud (any app, any where) strategy.
      Sep 13, 2018
    • F5 Networks / Eng 1u2ir8v3f7
      Groupon, we build network and security solutions for both onprem, virtual and cloud environments. You wouldn't have heard of us as we are entirely a B2B company and have our niche.
      Sep 13, 2018
    • F5 Networks / Eng 1u2ir8v3f7
      Who gets axed first?

      1. Low revenue products/teams
      2. Teams who are not needed 3 years into the future
      3. Roles which becomes obsolete in a year or so
      Sep 13, 2018
    • Vudu
      CfqO17

      Vudu

      PRE
      Bloomberg, Polycom, L&T Technology Services
      CfqO17more
      New ceos maybe in pressure to show their mark. Like increase profit. Laying off people increases margin. Same happened in polycom 2013.
      Sep 13, 2018
    • F5 Networks / Eng 1u2ir8v3f7
      Our apps?
      Sep 14, 2018
  • Facebook xrHmAi
    I'm too high to follow this thread haha.
    Sep 11, 2018 3
    • Google / Eng hooli.xyz
      +1
      Sep 12, 2018
    • Amazon / Mgmt Moneymoves
      Lol this asshole from Bloomberg was arguing with me that there’s “no way” that a mature, experienced software engineer could still get high and be successful
      Sep 13, 2018
    • Amazon / Eng poconos
      “Pass the joint comrade”, would have been an appropriate response to that.
      Sep 13, 2018
  • Nordstrom / Eng
    udit

    Nordstrom Eng

    PRE
    Google, Cisco
    uditmore
    Did everyone forget how to read? He's moving to board chairman, not becomIng the CEO.
    Sep 12, 2018 4
    • Intuit ifCi11
      I was wondering the same. Lol
      Sep 13, 2018
    • ☝️☝️☝️
      Sep 13, 2018
    • McDonald's euphrates
      Board chairmans (and board directors) guide and advise the CEO on how to manage the business....
      Sep 17, 2018
    • Nordstrom / Eng
      udit

      Nordstrom Eng

      PRE
      Google, Cisco
      uditmore
      I'm pretty sure the brothers have a good idea of how they want to manage the business..
      Sep 17, 2018
  • Walmart.com / Eng Balcaf4
    I challenge Brad Smith the karate master to a karate contest.
    Sep 11, 2018 4
    • Intuit Hevcu67
      Karate match or GTFO
      Sep 11, 2018
    • Groupon gajsk99
      Blackbelt or GTFO
      Sep 11, 2018
    • eBay xfuX38
      This Groupon gets it
      Sep 11, 2018
    • Groupon 600W
      We know of what we speak
      Sep 13, 2018
  • New / Media
    Itsbris

    New Media

    PRE
    BitMEX
    Itsbrismore
    Sep 11, 2018 0
  • Uber Gsbk53
    Brad Smith needs to tell us his TC or immediately GTFO. I kinda want to start a Change.org petition about this.
    Sep 11, 2018 2
    • Pandora uUdS63
      Omg yes do this. I predict it’s about tree fitty
      Sep 11, 2018
    • Intel DSPN81
      I’m curious why? You have to overpay to get executives to come to troubled companies.
      Sep 14, 2018
  • New / Eng xoxoyo
    Nordstrom is definitely NOT a dying company. It’s the most tech savvy progressive retailer today. If you’re a girl you would know that most women only shop from NORDSTROM these days
    Sep 13, 2018 2
    • Capital One QWJ
      Yup, plus HauteLook or Rack.
      Sep 14, 2018
    • It also is one of the top eCommerce retailers for clothing. It isn’t just a brick and mortar store and they’ve done a great job with their app.
      Sep 18, 2018
  • Intuit / Eng
    j123x

    Intuit Eng

    PRE
    Cisco, Verizon, Oracle
    j123xmore
    Brad was not allowed to chop as much as he wanted at Intuit. So, guess what's first order of business....
    Sep 12, 2018 0
  • eBay xfuX38
    As someone who works for a company which has had big layoffs recently, I feel for you. Working at a retail company in 2018 though, you have to expect many more layoffs given the buying trends. Most of brick and mortar companies were just 15 years too slow to adjust.
    Sep 11, 2018 2
    • Nike XUuS25
      What's your role? DM me if you're interested working with us
      Sep 11, 2018
    • Nordstrom / Eng
      udit

      Nordstrom Eng

      PRE
      Google, Cisco
      uditmore
      Gotta be honest Nike, the word on the environment at Nike is not so great.
      Sep 13, 2018
  • Uber YmFgJl
    Brad needs to reveal his TC. He must be getting a lot of $
    Sep 11, 2018 1
    • Groupon lgjC66
      GTFO
      Sep 11, 2018
  • Nordstrom Jcoep248
    Starting to hear chatters from within... sigh
    Sep 11, 2018 1
    • LinkedIn YcIotJ
      That sucks. Makes ppl unproductive
      Sep 11, 2018
  • Expedia HEuc81
    Were you not worried before? There isn’t a single company in that specific sector doing well.
    Sep 13, 2018 5
    • Nordstrom / Eng
      udit

      Nordstrom Eng

      PRE
      Google, Cisco
      uditmore
      Except Nordstrom
      Sep 13, 2018
    • Intel DSPN81
      Amazon seems to be doing ok ;)
      Sep 14, 2018
    • Nordstrom / Eng
      udit

      Nordstrom Eng

      PRE
      Google, Cisco
      uditmore
      Amazon isn't in that sector.
      Sep 14, 2018
    • Intel DSPN81
      Amazon isn’t in apparel? Are you serious?
      Sep 14, 2018
    • Amazon retail had some layoffs last year.
      Sep 18, 2018
  • ServiceNow fwgh76
    I shop at Nordstrom I hope it doesn’t go away
    Sep 13, 2018 0
  • Salesforce / Eng S-F
    From my experience there is always a chance of layoff . Nordstrom as such is not doing great and it is obvious that they have to do some thing about it and usually it starts with layoffs. Generally engineers get the least impacted and also not always in the first phase. If I where you I would start looking no matter what , why wait ?
    Sep 13, 2018 4
    • Nordstrom Geekhero
      Which world are you in? Did you check the Stock Price? It's lifetime high and it did highest ever sale till date and still growing. Nordstrom is doing great. So, then no firing? I think, there would be still firing.

      Completely agreed with your statement. Why Wait? Should look for another job.
      Sep 13, 2018
    • Salesforce / Eng S-F
      I stopped following Nordstrom stocks long time back. Retail is a very tough space and survival long term is a hard thing in today’s world. I did see that the stock is doing good this year. I still believe most of the retail companies would want to go very lean to save money. When a new boss comes in these are some of the things that they look into. Rest all what I said are from my experience.
      Sep 13, 2018
    • Salesforce / Eng S-F
      To add on, I have seen people getting concerned when things change at work, but still wouldn’t do any thing until it get bitten .
      Sep 13, 2018
    • Nordstrom Geekhero
      Agreed. But he is not coming as CEO. He'll be the Chairman of the Board.
      Sep 13, 2018
  • Capital One / Eng zbRw61
    Never worry. Always be prepared.
    Sep 13, 2018 2
    • NewRelic / Eng bxjeid8
      Thanks Obi Wan
      Sep 13, 2018
    • Capital One / Eng zbRw61
      🖖
      Sep 13, 2018
  • His eyes and smile make me feel uncomfortable. I’m with you.
    Sep 12, 2018 2
    • TuneIn MguA76
      Those murderous green eyes and backstabbingly warm smiles...
      Sep 13, 2018
    • Booking.com andis!&&
      Tunein man you are a poet.
      Sep 13, 2018
  • RackWare Dreamlight
    Keep us posted OP!
    Sep 27, 2018 0

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