Macy's is cutting up to 4,800 jobs and has slashed its profit outlook after a miserable holiday season.
The nation's largest department store chain, which also operates upscale
Bloomingdale's, said about 2,110 of the job cuts will come from
reducing staffing levels at stores, eliminating duplications in back
office operations and consolidating regional store groups. The remaining
2,710 job cuts will come from the store closings that Macy's announced
last fall, says Macy's spokesman Jim Sluzewski.
Macy's - up to 40 Store Closings - Check Here for List
Macy's - up to 40 Store Closings - Check Here for List
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