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Macy’s cuts 3,900 corporate jobs as layoffs hit headquarters

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Covid-19 pandemic hit." Gennette wrote in an email to staff, obtained by Bloomberg News. “And with that, everything changed."With sinatra and sanitizer, Bloomingdale’s is back: NYC reopensThe fresh layoff news comes just two weeks after the department-store chain heartened investors by announcing it had reopened 450 stores in some capacity and expected to exit the second quarter with a “clean inventory position." Gennette said at the time that reopened stores are performing better than anticipated, initially sending shares soaring.But share prices have sunk since then, as customers in some markets continue to avoid large indoor retail spaces in favor of online ordering, local businesses or, to the fear of many retailers, not spending money.

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