I noticed that they started firing people in 2017 that been with the company a long time. 2nd thing i thought was the point system going away, which will make it easier to fire associates. 3rd thing i notice is the leads being trained all summer to learn the sales managers job.. and they said it was a new program to promote leads to become managers.. 4th thing is the hours cuts that happen around oct.
5th watching managers being written up left and right for nonsense things.. as well as other associates. you could see it all coming if you took notice... one manager did and quit before xmas. ( smart move) to shrink a company and lay off tons of talent it all points to being sold.
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@12TLF7OX-1xfo, you have that backwards about points. You got termed when you were out of points, zero or below. We had colleagues with over 115 points when the program changed to the worthless reliability program we have now. No one understands this new program and everyone is gettting away with coming and going as they please.
Actually the point system was easier to fire associates. With that system you had to be consistent and fair on firing those with the most points first. It was very clear in report form. With reliability, there’s no total store report to see who has the most offenses. We tried with one associate and she clearly pointed out 4 others who were much worse than she was and basically threatened a lawsuit if we let her go and not the others. More than half our store can be let go based on reliability but no one is consistent with it and no one has a clue as to whom the top offenders are because you must go one by one to look at everyone and note their percentage. No one has the time, so......
I love this post – Macy's should disappear by 2025. San Francisco location (680) should be closed this year.
Macy’s was the WORST performing stock on the S&P 500 in 2019. It’s market value is less than $5 billion now, compared to $24 billion in 2015 (it started 2019 with a market value of $10 million). The S&P 500 department store index is expected to fall another 30% this year, and Macy’s is considered the worst positioned retailer by many analysts.
Add to that, retailers realized 10 years ago that mobile/online was key to staying afloat in the future, but Macy’s seems to have just realized this 2-3 years ago. Hal Lawton was expected to modernize the mobile/online Macy’s experience, but he jumped ship in December.