Macy's (M) to Trim Headcount as Part of Turnaround Effort

Macy's, Inc. (M) , an omnichannel retail organization, is reportedly undergoing a significant operational restructuring. The retail giant is said to be  lowering its headcount, as part of its turnaround efforts to rein in costs and address dwindling sales. Roughly, 2,300 positions across the board would be affected by this move.The company has steadily reduced its workforce from 175,700 in 2013 to 94,570 in 2023, marking a 46% decline over a decade, per macrotrends.net. This substantial decrease in manpower ...