Macy's Announces Upcoming Layoffs Alongside Store Closures
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
Macy's has announced plans to lay off approximately 5,000 employees as part of a restructuring effort coinciding with the closure of several stores by 2026. The layoffs are part of a broader strategy to streamline operations and adapt to changing market conditions. While specific locations and departments affected have not been disclosed, the company aims to reduce its workforce significantly in the coming years. This decision reflects ongoing challenges in the retail sector, as Macy's seeks to enhance its competitiveness and operational efficiency.
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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