Macy’s announces layoffs for 2,350 employees amid five store closures

Department store Macy’s will lay off some 2,350 jobs, about 3.5% of its workforce, beginning next week.

Macy’s sent a memo Thursday, obtained by the Wall Street Journal, announcing layoffs on Jan. 26. These layoffs exclude the seasonal hires of the holidays. This memo also included the announcement of store closures in Arlington, Virginia; San Leandro, California; Simi Valley, California; Lihue, Hawaii; and Tallahassee, Florida.

Macy’s announced Thursday that it would close 11 more stores as part of a plan announced two years ago to eliminate 100 of its branches to ensure it held the most competitive mix of digital and physical stores. The retailer has yet to identify 19 of them. (AP Photo/Damian Dovarganes, file) | Damian Dovarganes

“Despite our strong and tangible progress over the last few years, we remain under pressure,” the memo read.

Its workforce had
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