Macy’s Is Laying Off Over 2000 Workers, Closing 5 Stores

Macy’s Is Laying Off Over 2000 Workers, Closing 5 Stores

Macy’s Is Laying Off Over 2000 Workers, , Closing 5 Stores.

According to a memo sent to employees on Jan.

18, Macy's is cutting 2,350 jobs and shutting down five stores, 'Time' reports.

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As we prepare to deploy a new strategy to meet the needs of an ever-changing consumer and marketplace, we made the difficult decision to reduce our workforce by 3.5% to become a more streamlined company, Macy's spokesperson, to 'Time'.

The five stores that will close are located in San Leandro and Simi Valley, California; Tallahassee, Florida; Lihue, Hawaii and Arlington, Virginia.

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The stores will run clearance sales for 8-12 weeks prior to closing.

According to the memo, America's largest department store operator intends to terminate management roles and implement additional automation services.

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Macy's union has yet to respond to the layoffs.

On Black Friday, the union went on strike in Washington State.

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Macy’s CEO gets $11m per year while a lot of his workers rely on food banks, and some can’t even afford to see doctors because of the low wages and the expensive healthcare.

, Azia Domingo, an employee who has worked for Macy’s for 21 years, told 'The Guardian' in November.

The layoffs come as Macy's prepares for a new CEO, Tony Spring, who is set to take the helm in February.

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Its current CEO, Jeff Gennette, who reportedly made over 12 million in 2021, has been in charge since 2017