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Talent Ecosystem

Coronavirus Impact: Macy’s to cut 3,900 jobs to conserve cash

US-based department store chain, Macy’s recently said that it will lay off about 3,900 employees in an attempt to save cash due to the weak demand caused by the coronavirus pandemic. The reported job cuts are likely to be from corporate and management positions. The company currently has a strong workforce of about 123,000 employees. […]