The bad news: Macy's, the American department store chain, has announced it will lay off 7,000 employees. So what's the good news? The move is part of a new strategy to streamline the company's operations -- ending merit pay raises for executives, cutting this year's operating budget by 25 percent, and expanding a program to custom-tailor stores to their locales that will result in the creation of 1,200 new jobs.
Showing posts with label layoffs. Show all posts
Showing posts with label layoffs. Show all posts
