Macy’s Announces the Termination of 2,350 Employees and the Closure of 5 Stores
The leading department store chain Macy’s is reportedly considering the termination of 2,350 employees and the closure of five stores as part of a cost-cutting initiative, according to a Wall Street Journal (WSJ) report. The job cuts represent 3.5% of Macy’s total workforce, excluding seasonal hires, as detailed in an internal memo circulated to employees…