Direct-to-consumer (D2C) diamond brand Blue Nile issued staff a WARN notice about upcoming layoffs.
The job cuts come seven months after Blue Nile was acquired by Signet Jewelers, the world's largest diamond jewelry retailer.
Blue Nile plans to lay off 119 workers in Seattle, Washington, from July 14 and close its fulfillment center in the city.
- The firm will offer support services to those whose jobs were affected and relocate some laid-off staff to its other operations.
- The announcement came after parent company Signet Jewelers reported that global sales in Q4 fell by 5.2% to $2.7B YoY.
- Blue Nile merged with Signet after it failed to go public on its own through a deal with a special purpose acquisition (SPAC) company.
