If you are in retail you can not "Hide" from the Global Recession on the horizon. This is going to impact everyone. Macy's is trying to survive like everyone else by cutting costs. Kroger announced yesterday they are laying off hundreds of employees. The best recommendation I have is be prepared. If you are in the Tech sector of this company your chance of holding your job is very slim. Nothing you can do or say at this pint will matter. Best to put your energy into accepting the circumstance and start looking for another job.
Thought that @11lv79qQ-uhn gave a good summation of that troubles that await us