Macy’s to slash 2,350 jobs, close 5 stores in streamlining effort: report
The Barron's Roundtable panel provides insight into investments in Macy's, Nordstrom, and Gilead Sciences. Macy's, the famous retailer, plans to close five stores and lay off more than 2,000 employees, the Wall Street Journal reports. WSJsaid the retail giant plans to lay off about 2,350 positions, or 3.5% of its workforce, citing a memo sent […]
Macy’s slashing over 2K jobs, closing five stores amid pressure to go private
Department store chain Macy's will cut 2,350 jobs and close five stores as it seeks to streamline its operations, a company spokesperson told Reuters on Thursday. The layoffs represent 3.5% of Macy's total workforce. As of January 2023, the company operated 722 stores and employed 94,570 full-time and part-time employees, excluding seasonal employees. Reuters reported […]