Monthly Archives: June 2020

Macy’s fires nearly 4,000 employees

The layoffs, which represent 3% of Macy’s workforce, will save the company about $ 630 million annually. Macy’s is reopening many of its stores in the United States, which the company previously said are working better than expected. “Covid-19 has significantly impacted our business,” Macy’s CEO Jeff Gennette said in …

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