Well, at least we are first at something, right? Macy's is the top company in number of layoffs for this year so far. I wonder if this number will stay on 10,000, or if we are looking at more layoffs down the line.
http://247wallst.com/special-report/2017/08/24/12-companies-laying-off-the-most-workers-in-2017/5/
If they are following the plan I suspect they are, somewhere between 1/3 to 1/2 of all employees (calling us associates is a cop out) will be gone. Plan would take about 5 years to complete and will effectively do away with a large number of the stores (possibly 50%), most of what used to be called mst and possibly a small chunk of mcom. Macy's is in transition from bricks and mortar to online retailer. There will be a (un)happy medium between B&M and online. Where that point is, isn't yet known.
Wow.
Cannot believe it.
Made the #1 list, cannot beat this...
It's sad, sad, sad...