Macy's Layoffs 2024: What to Know About the Latest M Job Cuts

Macy’s (NYSE:M) layoffs are a hot topic on Friday after the retailer announced plans to cut a large number of jobs and close some stores.According to recent reports, Macy’s is planning to cut 2,350 jobs and close down five of its stores. The layoffs are going to affect 13% of its corporate workers and 3.5% of its total workforce.These Macy’s layoffs are coming as the retail company seeks to streamline operations. Doing so will speed up its business while also saving the retailer money. That’s due to plans t ...