Macy’s to Cut 3,900 Corporate Jobs

Macy’s Inc. is laying off roughly 3,900 corporate staffers as the retailer, like other businesses, confronts a slow recovery from a coronavirus-induced economic crisis that wiped out its profits in the most recent quarter.

The job cuts, representing about 3% of its total workforce, excluding seasonal employees, follow about 2,000 corporate layoffs in February. Macy’s has further reduced staffing across its stores, supply chain and customer support departments, but may reinstate some positions as sales recover, the company…

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