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Wayfair and Macy's are cutting thousands of jobs as retail layoffs deepen

Wayfair, a furniture e-commerce company, is planning to cut 13% of its workforce, including 20% of the corporate team, to save an estimated $280 million annually. Layoffs have become common in various industries, including tech and retail.
Macy's, a veteran department-store chain, is also laying off about 3.5% of its workforce and closing five stores to streamline operations.
Wayfair and Macy's stocks had different responses, with Wayfair shares rising more than 7% while Macy's stock fell about 3%.

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11ALIVE

Center

Wayfair and Macy's are cutting thousands of jobs as retail layoffs deepen

Macy’s announced it is laying off about 3.5% of its total headcount, which amounts to roughly 2,350 employees. The layoffs are expected to occur on Jan. 26.

2 years ago

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WBIR

Center

Wayfair and Macy's are cutting thousands of jobs as retail layoffs deepen

Macy’s announced it is laying off about 3.5% of its total headcount, which amounts to roughly 2,350 employees. The layoffs are expected to occur on Jan. 26.

2 years ago

Read Full Article

WLTX

Center

Wayfair and Macy's are cutting thousands of jobs as retail layoffs deepen

Macy’s announced it is laying off about 3.5% of its total headcount, which amounts to roughly 2,350 employees. The layoffs are expected to occur on Jan. 26.

2 years ago·Columbia, United States

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WCSH

Lean Left

Macy's laying off around 2,350 employees, 5 store closings planned

Macy’s announced it is laying off about 3.5% of its total headcount, which amounts to roughly 2,350 employees. The layoffs are expected to occur on Jan. 26.

2 years ago·Portland, United States

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WFAA 8abc

Center

Macy's laying off around 2,350 employees, 5 store closings planned

Macy’s announced it is laying off about 3.5% of its total headcount, which amounts to roughly 2,350 employees. The layoffs are expected to occur on Jan. 26.

2 years ago·Dallas, United States

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9NEWS Denver

Center

Wayfair and Macy's are cutting thousands of jobs as retail layoffs deepen

Macy’s announced it is laying off about 3.5% of its total headcount, which amounts to roughly 2,350 employees. The layoffs are expected to occur on Jan. 26.

2 years ago·Denver, United States

Read Full Article

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