Macy's Inc. Layoffs

Topics regarding layoffs at Macy's Inc.

$500 Million Expense Savings Plan?

Anyone else have their hours cut? Our Store Manager just showed us an article about a strategy to save $500 million in expenses and explained that hours have been cut across the store to achieve the savings requirements. We had a ton of open shifts... —  read more 

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Post ID: @111ptmLr

NCR

Any feed back form former MST working for NCR. How is the work load, etc? Is there an improved working environment??

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Post ID: @10XzZOaj

Women's shoes

I thought about applying in the Women's shoe department, but I heard that they cut the commisson rate in that department. Does anyone know if this is true?

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Post ID: @10SmeAUG

Real News?

Is there any real news out there regarding sept cost cutting? By real news, i mean not all these tired posts from disgruntled employees.

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Post ID: @10NgLoBk

If you want to save this company

Start with what's been earning yr over yr. .com sector. Dump piles of capital into more buildings. Re-align the company and equip it properly to cater the .com industry. Keep stores open for that small 20% of people who are still traditionalists... —  read more 

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Post ID: @10MXsSKj

Don't be too quick to quit Macy's

I know things have been far from perfect lately, but that's the situation in the entire retail sector. Several of my former co-workers quit and are now regretting that decision. It was easy to find a new job, but it was impossible to find a new job... —  read more 

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Post ID: @10LwbaVK

Technology spending is in the wrong place

Have you ever head of "Story" at Macy's? Probably most people haven't. Why would department store spend a lot of money with a concept like "Story" (a unique department that changes every 3 months) when they never (or seldom) promote it in their ads?... —  read more 

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Post ID: @10Kyf8u0

Major cost cutting will be announced soon

CFO Paula Price told investors in early 2019 that the company was preparing a major multiyear cost-cutting program. Macy's hasn't shared details of that effort yet, but will do so – including hard numbers for its expected savings – in early... —  read more 

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Post ID: @10KTp1gP

Old Macy’s 401k

To all of us who Macy’s laid off over the years, what did you do with your old 401k? I forgot about mine for a few years, it just sat and plan on rolling over to an existing IRA account. I’ve been with my current employer for 2 years now... —  read more 

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Post ID: @10FHnF6r

Macy's has lost it's appeal to the customer

Has the dust settled yet? If I were Mr. Gennette I would be in hiding after the last earnings release. Your reputation as a company is tarnished by your lack of integrity to your employees and customers alike. Women do not want rhinestones on... —  read more 

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Post ID: @10ATYL7i

Continued "Path To Growth"?????

Cramer reports Macy's 2Q earnings as poor execution? Macy's should be gaining the JC Penny customer. Walmart and JC penny stocks both increased after their earnings report. Macy's has lost it's unique brand. Go back to the drawing board and... —  read more 

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Post ID: @10ylKhJt

HEALTH PLAN INFO NEEDED FOR A FRIEND

Does anyone know if ANY of the healthcare plans offered by your company cover HIV/AIDS d–gs like Truvada? We have a church member in the DC area recently diagnosed with HIV.

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Post ID: @10qLmRhW

Technology officer comment

I was told that the chief technology officer told the Lorain contractors not to listen to anyone that has been there more then 5 years....they are corrupted. Interesting comment to make. Reinforces the general opinion here that it will be all... —  read more 

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Post ID: @10mKXPj6

21 roles -- "Not Severance Eligible"

In the affected employees list (Exhibit A) there are 21 roles that is indicated as "Not Severance Eligible" – what does this mean? Are they really laid off or getting second chance in a different/rehired role?

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Post ID: @10j1quPP

2Q sales

Does anyone know if the company made sales plan for Q2???

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Post ID: @10jIWCwB

Its finally working

The effort being put into the stores remodeling are driving up market shares. Way to go Macys! Perhaps the big chiefs are getting it right..

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Post ID: @10dyu65H

Growing 150

Why are they acting like they are reinventing the wheel. You are remodeling stores that have needed it for decades. You are adding back customer service reladed positions and services that where once standard in retail. ie fitting room associates... —  read more 

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Post ID: @10cHQJAu

Macy's Tech: San Francisco vs Georgia

Interesting that if you search the technology job site, you'll find waaaay more software engineering openings in Georgia than in SF. Well that seems like a bit of writing on the wall https://technology.macysjobs.com/

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Post ID: @10bC5JHO

Any info on severance?

Any chance somebody is willing to share severance package details from this round with the rest of us? Has Macy's made any changes?

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Post ID: @105o7gte

Layoffs at Macy's continue

Systems and Technology was hit yesterday, with possible more cuts to follow today. Not sure if this will stay localized to MST or if more area's will be hit. Sadly, I think we can all agree that more will be coming at some point, if not this week... —  read more 

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Post ID: @1043VrQz

MESSAGE TO SHAREHOLDERS

Reading posts below, you have a Sr. Director, "Big D", that has stated the poorly executed transition to NCR can not be rectified as it should, (bringing back out sourced MST staff), due to obligation to "shareholders" and costs. I ask you this, and... —  read more 

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Post ID: @100MC2rS

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