Skip to main content
  1. News
  2. Top News

Macy's job cuts: Thousands of workers to be laid off, regions also being reduced

See also

Macy's job cuts is next when it comes to big company cost cutting measures. Macy's Inc. overestimated 2014 forecast earning by Wall Street estimates. Their new plan to remedy the financial struggle is to designed to save $100 million annually, according to a Reuters report published Jan. 8

The report stated that this meant Macy's job cuts will result in cutting 2,500 jobs as part of its restructuring plans. In addition to that, some stores will be relocated and combining the department store's Midwest region with its North region. This will reduce the eight regions the retailer has down to seven.

Macy's spokesman Jim Sluzewski claims that the job cuts will include a "small number of positions" in New York City. The Bronx will see some additions of Bloomingdale's and Macy's stores in the area.

The Macy's job cuts headline is just another reminder that there are still battles for large companies to make a good profit out there. It is good news that some replacements will be made in light of the job cuts.

Advertisement

News

  • Israel, Hamas clash in Gaza
    Hamas claims to have captured an IDF soldier on the bloodiest day of the conflict
    Video
    Video
  • Missing bodies
    38 bodies have not been found from the MH17 debris field in eastern Ukraine
    World News
  • Peeping Toms in NSA?
    Has the NSA seen you naked? Edward Snowden says it's not unlikely
    NSA
  • Autism study
    The newest, largest study on autism suggests that it mostly has to do with genetics
    Science
  • McIlroy takes Open
    Rory McIlroy hangs onto the lead and wins the 2014 British Open
    Sports
  • $23 billion payout
    A jury sides with the widow of a smoker, tobacco company shells out $23 billion
    Headlines

Related Videos:

  • The Siberian sinkhole at the “end of the world” is 262 feet wide, up to 300 feet deep, and it has scientists perplexed as to what might have caused such a terrifying hole. While the origin of the Siberian sinkhole is currently being investigated by a grou
    <div class="video-info" data-id="518330038" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518330038&autoStart=true"></div>
  • Demystifying the giant 'End of the World' hole in Siberia: So what is it?
    <div class="video-info" data-id="518330038" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518330038&autoStart=true"></div>
  • Native American tribe cancels Ted Nugent show over past racist comments
    <div class="video-info" data-id="518259513" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518259513&autoStart=true"></div>