Macy’s announces furloughs for “majority” of its workers

Macy’s Inc. will be furloughing most of its employees, starting this week, as Covid-19 continues to batter businesses large and small. All of the retailer’s stores have been closed since March 18. Macy’s on Monday said its digital business is still open, but the retailer has “lost the majority of our sales due to the store closures.” It also has suspended its dividend, drawn down its credit line and freezed hiring and spending, among other

source https://therealdeal.com/2020/03/30/macys-announces-furloughs-for-majority-of-its-workers/