Macy's Announces Hundreds of Layoffs Amid Major Store Closures
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
Macy's, the iconic 166-year-old retailer, has announced significant layoffs totaling around 300 employees due to major store closures planned for the Christmas season. This decision comes as part of a broader strategy to streamline operations and adapt to changing consumer behaviors. The layoffs are expected to take effect by Christmas Day, impacting various locations across the country. Macy's is facing challenges in the retail market, prompting this workforce reduction as it seeks to remain competitive during the holiday shopping period.
Macy's cut 300 jobs as of December 25, 2023.
That is roughly 0.4% of the 78,000 people Macy's employs.
LayoffTalk has tracked 34 layoff events at Macy's since March 2023, including 1,483 jobs documented in official WARN filings, with 22 additional events known from news reporting.
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