Subscribe / Renew
|► Subscribe to our Free Weekly Newsletter|
June 26, 2020
NEW YORK (AP) — Macy's said Thursday it's laying off 3,900 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.
. . .