Location: New York, NY, USA.
Based on news reporting.
Macy’s Retail Holdings, Inc. has announced layoffs affecting approximately 500 employees as part of a restructuring plan following recent store closures. The layoffs are part of the company's efforts to streamline operations and adapt to changing market conditions. The affected employees are primarily from various departments across the company’s locations. This decision comes as Macy's continues to face challenges in the retail sector, prompting a reevaluation of its workforce and operational strategies. The layoffs are effective as of October 1, 2023, and are aimed at improving overall efficiency and profitability.
Macy’s Retail Holdings, Inc. cut 500 jobs as of October 1, 2023.
That is roughly 0.5% of the 100,000 people Macy’s Retail Holdings, Inc. employs.
LayoffTalk has tracked 14 layoff events at Macy’s Retail Holdings, Inc. since October 2023, affecting a combined 1,872 employees.
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