Find Your Daily Voice
44°
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…
