Thread regarding Macy's Inc. layoffs

If you think you are going back to work on April 1st - rethink your position

Let's be realistic - here are some facts:

  • took China to clean up Wuhan about 8 weeks, reopenings started about 11 into it
  • we are not as organized as China, Wuhan was on a complete lockdown mid Jan - we are still loosy-goosy
  • people will start dying, CNN and Fox will pile on, there will be a nation wide freak out
  • scientific modeling, depending on levels of physical separation predict peaks in late April, August or November - this pandemic will be around for a while
  • all talk about vaccine has subdued now, we now relize it'll take many months - perhaps a year or two - before we have the vaccine
  • furloughs and layoffs are rampant in energy and hospitality industries, we are just lagging a few weeks - buying a sweater is not essential especially if there is an online store that can take care of it
  • schools will remain closed, many folks will not be able to work anyway (have to take care of kids)
  • even if we reopen, huge majority of customers will deliberately avoid in-person shopping
  • if we reopen we'll not be profitable, we are talking about red ink here no matter what we do

So, it's all doom and gloom... Here are some positive things:

  • over 150 vacciness developed, folks are testing this on humans now (fastracked)
  • malaria d–gs are helping bring down mortality - they work on suppressing the virus and are very effective - this is proven, fastracked approvals for use for non-malaria cases
  • we do not realize how little money we need to survive, we will be fine (our consumption levels will drop but that may be a good thing too - gluttony is bad for us and has to stop)
  • our forefathers fought wars overseas, we can do the same on our soil - let's rally - this is our generation moon-shot thing
  • we hustle, we fight, we invent - it's in our dna and this f—ing virus will be defeated and then we'll deal with the sources and messed up setup that dealt us this hand
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Post ID: @OP+1430fHF2

7 replies (most recent on top)

Boeing Co. is considering cutting its dividend and possibly laying off workers at its jetliner plants, people familiar with the matter said, as America’s largest manufacturer grapples with an unprecedented disruption to the global airline industry.

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Post ID: @1yax+1430fHF2

I work at Macy's on 34th Street in NYC.
2 associates tested positive for the virus in the last 2 weeks.
I cashed out many Italian tourists.
I am worried I may now be a carrier.

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Post ID: @1gpb+1430fHF2

Hello – if you do not have 24 months savings ... You are dead/bankrupt. You are walking dead / bankrupt – just that you do not know that!!

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Post ID: @1gxb+1430fHF2

The US is preparing for the pandemic to last up to 18 months or longer.

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Post ID: @1ipz+1430fHF2

https://blog.aha.io/the-founders-paradox-how-to-make-clear-decisions-when-the-future-is-so-cloudy/

"Business as usual is no more. We are entering an exceptional period of fear, doubt, and uncertainty that I have not felt since 9/11."

Social isolation will flatten the exposure curve and governments around the world will help stimulate the global economy. Our fears will slowly subside and we will absolutely recover by late 2021. By that time Macy's will operate 300 stores or less.

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Post ID: @puu+1430fHF2

Well said Thank you

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Post ID: @cqz+1430fHF2

+1 on

our forefathers fought wars overseas, we can do the same on our soil - let's rally - this is our generation moon-shot thing
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Post ID: @qfe+1430fHF2

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