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Amazon Plans To Lay Off Around 10,000 Employees, Report Says
A week before the holiday shopping season officially kicks off, Amazon is set to begin laying off approximately 10,000 corporate and technology employees, The New York Times reports.
Job cuts at the online retail giant were expected to start the week of Monday, Nov. 14, and will primarily affect Amazon’s retail, devices, and human resources divisions, according to the outlet.
The largest in its history, the layoffs would impact 1 percent of the company’s global workforce and 3 percent of its corporate employees.
It follows several other cost-cutting moves that CEO Andy Jassy has implemente…
New Amazon Facility Under Construction In Mount Pleasant
With e-commerce continuing to grow across the country due to the pandemic, it's no surprise that Amazon is building a new warehouse in Westchester County.
Located in Mount Pleasant on Route 9A, the new 150,000-square-foot distribution center will include 136,000 feet of warehouse space and 14,000 square feet of office space, according to Mount Pleasant Town Supervisor Carl Fulgenzi.
Most importantly, the project will bring about 100 local jobs -- with pay starting around $18 an hour -- and about 1,000 area construction jobs, the supervisor said.
In addition, the new center, will…
Stop & Shop To Fill More Than 5,000 Positions In NY, CT, MA
Stop & Shop is looking to hire over 5,000 new employees in for in-store, home delivery and distribution centers throughout the Northeast.
Also available in New York, Connecticut, Massachusetts, New Jersey and Rhode Island are roles in the supermarket chain's bakery, deli, seafood, home delivery driver, selecting, and shopping departments. Potential applicants can start the hiring process here.
“As we continue to expand our e-commerce capacity, and work to deliver a great in-store experience, we’re looking for more team members who want to join our business,” said Maria …
Covid-19: Macy's To Furlough Most Of Its 130,000 Workers
Having lost most of its sales amid the novel coronavirus (COVID-19) pandemic, Macy's says it will furlough most of its workforce of 130,000, which includes its subsidiary retailers Bloomingdale’s and Bluemercury.
Macy's made the announcement on Monday, March 30, about two weeks after all its stores closed on Wednesday, March 18 due to the outbreak.
"While the digital business remains open, we have lost the majority of our sales due to the store closures," Macy's said in a statement.
Macy's said it's already taken measures to maintain financial flexibility, including suspending t…
Covid-19: Macy's, Bloomingdale's, Nordstrom To Close All Stores
Three of the nation's largest retailers -- Macy's, Bloomingdale's and Nordstrom -- will be closing their stores temporarily due to the spread of the novel strain of the coronavirus (COVID-19).
Macy's said it would close all stores, including Bloomingdale's locations, at the end of the business day on Tuesday, March 17 through Tuesday, March 31. That's the same time frame for Nordstrom's scheduled closure.
Online stores for all three will stay open.
"The health and safety of our customers, colleagues and communities is our utmost priority," said Jeff Gennette, chairman and chief …
A Look Inside: Amazon’s First CT Retail Outlet Opens In Fairfield County
After months of anticipation, Amazon has opened its first Connecticut retail brick-and-mortar retail shop in Fairfield County.
Last year, the online retail giant announced it would be opening a new store in the SoNo Collection mall in Norwalk, markings the company’s first foray in the Nutmeg State.
Last week, on Wednesday, Feb. 11, the Amazon 4-star store opened in the mall, featuring the company’s most highly rated products, “from the top categories across all of amazon.com."
The store will offer a variety of products, including books, Amazon devices, electronics, kitchen and home produc…
Retailer A.C. Moore Closing All 145 Stores
A.C. Moore has become the latest company to abandon traditional-brick-and-mortar retail stores as part of a “broader strategic plan.”
Nicole Crafts, A.C. Moore’s parent company, announced on Monday, Nov. 25, that it would be closing down all of its 145 arts-and-crafts stores, including in New York and Connecticut, as part of the mass restructuring.
"For over 30 years, our stores have been servicing the creative community with a vast selection of art and craft materials, with one common focus, the customer,” Anthony Piperno, Chief Executive Officer of A.C. Moore said “Unfortunately, given t…
Bed Bath & Beyond Will Close At Least 40 Stores
Bed Bath and Beyond is planning to close at least 40 stores to help stem losses after it lost $253.8 million in the fourth quarter last year.
The home goods retailer, founded in 1971 and headquartered in Union Township, New Jersey, forecast dismal first-quarter profits, sinking shares in its stock on Friday, Feb. 12 as the company struggles to compete with online retailers such as Amazon.
The 40 stores scheduled for closure were not announced.
While the company, with 1,550 locations and more than 60,000 employees, also announced it plans on opening around 15 new locations,…
