{"id":22312,"date":"2024-01-19T13:38:23","date_gmt":"2024-01-19T08:08:23","guid":{"rendered":"https:\/\/farratanews.online\/macys-to-slash-2350-jobs-close-5-stores-in-streamlining-effort-report\/"},"modified":"2024-01-19T13:38:23","modified_gmt":"2024-01-19T08:08:23","slug":"macys-to-slash-2350-jobs-close-5-stores-in-streamlining-effort-report","status":"publish","type":"post","link":"https:\/\/farratanews.online\/macys-to-slash-2350-jobs-close-5-stores-in-streamlining-effort-report\/","title":{"rendered":"Macy\u2019s to slash 2,350 jobs, close 5 stores in streamlining effort: report"},"content":{"rendered":"
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A ‘Barron’s Roundtable’ panel provides insight on investing in Macy’s, Nordstrom and Gilead Sciences.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Famed retailer Macy’s is planning on shuttering five storefronts and laying off over 2,000 employees, according to a report from the Wall Street Journal.<\/p>\n
The WSJ, citing a memo sent to employees Thursday afternoon and people familiar with the matter, said that the retail giant is planning on laying off roughly 2,350 positions, or 3.5% of it’s overall workforce.<\/p>\n
The company said that the layoffs come as management plans to streamline its supply chain by implementing more automation.<\/p>\n
According to the memo, the WSJ said that Macy’s also plans to outsource some of its roles, but they did not specify which ones.<\/p>\n
MAJOR RETAILERS USE AI TO SLASH NUMBER OF CLOTHING RETURNS WHEN SHOPPING ONLINE<\/u><\/strong><\/p>\n