Macy's Laying Off 3900 Workers!


Macy's said Thursday it's laying off 3,900 people corporate staffers, roughly 3% of its overall workforce, as the pandemic takes a financial toll on the iconic department store chain's sales and profits.

The company said in a release that the headcount reduction will save the company $630 million per year. In February, before the virus became a pandemic, Macy's said it would cut 2,000 jobs in its corporate office and close 125 stores. Read more here>>>https://6abc.com/business/macys-announces-it-will-layoff-3900-workers/6270386/

Source: 6abc

Photo:Getty

US-HEALTH-VIRUS-ECONOMY-RETAIL

US-HEALTH-VIRUS-ECONOMY-RETAIL

106.1 The Breeze · Philly's Relaxing Favorites

Listen Now on iHeartRadio