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Macy's Announces Job Cuts

News Flash: Macy's Announces Job Cuts

After a 7.1 percent drop in sales last month, Macy's decided that it will cut close to 2,500 jobs this year. The cuts will be isolated to management jobs and the company is going to consolidate its American operations to create fewer divisions. Macy's reported that about 950 positions at the Minneapolis offices, 850 positions at the Macy’s Midwest offices in St. Louis and 750 positions at the Macy’s Northwest offices in Seattle will be affected by the moves intended to reduce costs and boost sales.


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