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Macy's Makes Mass Layoff Announcement

Macy's Makes Mass Layoff Announcement

Summary

Macy's Inc. announced it will close a distribution center in Connecticut and lay off over 1,000 employees as part of efforts to update its supply chain. This decision is part of a broader strategy to modernize operations and improve customer service. The layoffs will begin in mid-March 2026 and continue through August.

Key Facts

  • Macy's is closing a fulfillment and distribution center in Connecticut.
  • Over 1,000 employees will be laid off due to these closures.
  • The company aims to modernize its supply chain and make operations simpler.
  • Employees were informed about layoffs in mid-January.
  • Macy's currently operates 424 stores, 21 'Small Format' locations, and 5 off-price 'Backstage' stores.
  • Earlier in January, Macy's announced closures of 14 underperforming U.S. stores.
  • Affected employees will receive details on benefits and severance, with some offered transfers to other locations.
  • The layoffs will start in March and continue through August, with some staff staying until April for transitional tasks.

Source Information