- Employment News
Macy's Plans to Cut 2,300 Management Jobs
On Wednesday Macy's Inc. announced that due to consolidation and low sales, the company plans on cutting close to 2,300 management jobs.
The company's plan is to focus on consolidating three of its regional offices, Minneapolis, St. Louis, and Seattle, into its larger bases in New York, Atlanta, and San Francisco, accordingly. These moves will affect 950 jobs in Minneapolis, 850 jobs in St. Louis, and 750 jobs in Seattle. However, current executives in the consolidated offices will be considered for new positions within the company, while "laid-off employees" will be offered severance benefits.
Macy's realized the need to cut jobs when a "steeper-than-expected" drop in sales came in January. While analysts had predicted a 5.9% drop, Macy's instead experienced a drop of 7.1%.
+ View Archives
The company's plan is to focus on consolidating three of its regional offices, Minneapolis, St. Louis, and Seattle, into its larger bases in New York, Atlanta, and San Francisco, accordingly. These moves will affect 950 jobs in Minneapolis, 850 jobs in St. Louis, and 750 jobs in Seattle. However, current executives in the consolidated offices will be considered for new positions within the company, while "laid-off employees" will be offered severance benefits.
Macy's realized the need to cut jobs when a "steeper-than-expected" drop in sales came in January. While analysts had predicted a 5.9% drop, Macy's instead experienced a drop of 7.1%.
+ View Archives
Popular tags:
 benefits plans management Seattle St. Louis San Francisco executive director New York offices |
||||
|
|
Comments
article ID: 230093 http://www.employmentcrossing.com/article/230093/Macy-s-Plans-to-Cut-2-300-Management-Jobs/ article title: Macy's Plans to Cut 2,300 Management Jobs
|
||
| Comment not found for this article. |  |
|
 add comments
|
|
|
|
Related articles
|
|
Facebook comments: |
| Find Jobs in Every Industry and Location that No One Else Knows About |
|
Other job sites only show jobs employers pay to post. We show jobs from every employer career page, job board and news source we can find. |
|
Tell us where to send your access instructions:
|
|
new jobs this week on EmploymentCrossing |
| 627,000 |
|
|
jobs added today on EmploymentCrossing |
| 135,943 |
|
|
Job Type Count on EmploymentCrossing |
|
Healthcare Jobs 356,997 Managerial Jobs 341,474 Information Technology Jobs 332,767 Retail Jobs 254,190 Sales Jobs 242,960 Blue-collar Jobs 231,783 Recruiting Jobs 218,422 |
| Get your risk FREE trial |
 |
| jobs near you | |
|
International jobs Work at home jobs |
UK jobs Canada jobs |
|
New search feature using US map. click here
Looking for a new job in your city? click here |
|
| most recent articles |
| Once You Achieve Success, Savor and Enjoy It to the Fullest |
|
I have certain habits and ways of thinking about the world that are the right ways, at least for me:
|
|
employment industry news:
|
|
recent articles:
|
|
|
| top 5 job searches |
|
| today's featured job |
|
Director of Internal Compliance Program
United States-TX-Austin Oversees the activities of the Internal Compliance Office. Responsible for implementing and maintaining an Internal Compliance Program (ICP) that p... 
|
| job fairs |
|
12-Feb-12 Spring Engineering Career Fair 7 East 7th Street New York NY 10003 12:00 PM-2:00 PM contact person: Toni Burrell contact number: 212-353-4377 |
|
|
|
|||||||||
|
||||
|
Free Report
The Five "Big Dirty Secrets" of Job Sites Just enter your email to get the Report |
|
 |
|
|
||||
 |
