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. .
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. .
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. .
Macy's union has yet to respond to the layoffs.
On Black Friday, the union went
on strike in Washington State. .
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. .
Its current CEO, Jeff Gennette,
who reportedly made over 12 million
in 2021, has been in charge since 2017