by Wolf Richter
In total, 2,000 tech, admin, and management jobs to be cut and offices closed around the country. In addition, one-fifth of Macy’s stores to close. Brick & Mortar Meltdown.
Unable to dodge the brick-and-mortar retail melt-down, Macy’s is restructuring its business, and this time it’s different: It’s slashing about 2,000 jobs, mostly tech and administrative, 9% of its workforce. And 1,080 of those jobs are in San Francisco, where it will scuttle its entire tech center – the headquarters of macys.com, Product and Digital Revenue, and Technology – after having already closed two of its three San Francisco department stores.