Abstract: The layoffs, focused on corporate positions, will reduce the retailer’s work force by 3.5 percent as a new chief executive prepares to take the reins.
Lead Paragraph:
Macy’s, the country’s largest department store operator, told employees Thursday that it was laying off 13 percent of its corporate work force. The move comes as the company prepares to unveil a new strategy that its incoming chief executive will oversee.
Source: The New York Times
Category: Business
Sub Category:
2024-01-19T00:31:16+0000
By Jordyn Holman