Macy’s Is Laying Off Over 2000 Workers, , Closing 5 Stores.<br />According to a memo sent to employees on Jan. 18, Macy's is cutting 2,350 jobs and shutting down five stores, 'Time' reports. .<br />As we prepare to deploy a new strategy to <br />meet the needs of an ever-changing consumer <br />and marketplace, we made the difficult <br />decision to reduce our workforce by 3.5% <br />to become a more streamlined company, Macy's spokesperson, to 'Time'.<br />The five stores that will close are located in <br />San Leandro and Simi Valley, California; Tallahassee, Florida; Lihue, Hawaii and Arlington, Virginia. .<br />The stores will run clearance sales <br />for 8-12 weeks prior to closing.<br />According to the memo, America's largest department <br />store operator intends to terminate management roles <br />and implement additional automation services. .<br />Macy's union has yet to respond to the layoffs.<br />On Black Friday, the union went <br />on strike in Washington State. .<br />Macy’s CEO gets $11m per year while a lot <br />of his workers rely on food banks, and some <br />can’t even afford to see doctors because of <br />the low wages and the expensive healthcare. , Azia Domingo, an employee who has worked for <br />Macy’s for 21 years, told 'The Guardian' in November.<br />The layoffs come as Macy's prepares for a new CEO, Tony Spring, who is set to take the helm in February. .<br />Its current CEO, Jeff Gennette, <br />who reportedly made over 12 million <br />in 2021, has been in charge since 2017
