Another Major Employer Leaves San Francisco, 1,000 Jobs Vanish: Macy’s Shuts Tech Center in Broad “Optimization”

by Wolf Richter
Wolf Street

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, Product and Digital Revenue, and Technology – after having already closed two of its three San Francisco department stores.

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