In January 2024, Incognito Blog reported the layoff affecting over 2,000 Macy’s employees, in a restructuring initiative aimed at improving customers shopping experience. In addition to the workforce reduction, the US departmental store is looking to close about 150 underperforming stores. According to recent reports, Macy’s will close down 50 store by the end of…
Macy’s to Layoff 2,350
Macy’s is a department store that was founded in 1858, with its headquarters in New York City, USA. Its range of products include things like clothing, cosmetic, furniture, home appliances, toiletries, houseware, toys, etc. Macy’s is a subsidiary of a Macy’s Inc, formerly referred to as Federated Department Stores, Inc. The company boasts of being…