Macy’s to Slash 2,350 Jobs and Close 5 Stores

Macy’s to Slash 2,350 Jobs and Close 5 Stores
The Macy's logo on the side of a building in downtown Los Angeles on March 6, 2017. Mike Blake/Reuters
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The department store chain announced Thursday that Macy’s is cutting 2,350 jobs and closing five stores.

The layoffs make up 3.5 percent of Macy’s overall workforce. The company operated 722 store locations as of January 2023 and employed 94,570 full- and part-time employees, excluding seasonal hires.