Friday 26 June 2020

Macy’s cuts nearly 4K jobs as it reopens hundreds of stores

Macy’s eliminated thousands of jobs this week in another sign of the retail sector’s struggles, as companies work to emerge from the coronavirus lockdowns. The department store chain cut about 3,900 corporate and management jobs, which is expected to save $365 million this year and $630 million a year going forward, according to Bloomberg. The move came as it has also been reopening hundreds of locations across the country. “We know that we will be



source https://therealdeal.com/2020/06/26/macys-cuts-nearly-4k-jobs-as-it-reopens-hundreds-of-stores/

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