Macy’s To Slash 3,900 Corporate Job iIn Restructuring

0 121

Macy’s announced Thursday it is laying off 3,900 corporate jobs in a move to cut costs as its business has been hurt by the coronavirus pandemic.

The department store chain said it expected to save about $365 million through the layoffs in fiscal 2020.

Macy’s shares were last down about 3% in premarket trading on the news.

Related Posts

Analysis: Move Over Bonds, FX Taking Over As…

Arik Resumes Lean Operations Oct.23

— CNBC

Leave A Reply

Your email address will not be published.

%d bloggers like this: