Macy's will furlough the majority of its 125,000 employees

[Ravi860]

Macy's will furlough the majority of its 125,000 employees

 

New York (CNN Business)Macy's is furloughing a majority of its 125,000 employees because of the ongoing coronavirus pandemic, which has sunk sales and forced it close to its stores.

The company said Monday that the pandemic has taken a "heavy toll" on its business. Macy's (M), which also owns Bloomingdale's and Bluemercury, closed all of its 775 stores in the United States earlier this month to slow the virus from spreading in crowded areas, and because of laws in some states that forced the closure of nonessential businesses, including retailers.

 

https://www.cnn.com/2020/03/30/investing/macys-employees-furlough-coronavirus/index.html

 

 

It's getting real! 

 

[BeerBob123]

[Peter123]

the worse is yet to come...

[snoww]

Kohl's doing the same