Wednesday, Jul 27, 2016
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Macy s to cut 2,300 jobs in consolidation move

CINCINNATI Department-store operator Macy s Inc. said yesterday it will cut about 2,300 management jobs as it consolidates three regional divisions and decentralizes buying.

The chain s Minneapolis-based North unit will be absorbed into New York-based East, St. Louis-based Midwest into Atlanta-based South, and Seattle-based Northwest into San Francisco-based West. Affected will be 950 positions at North, 850 at Midwest, and 750 at Northwest. The company has about 188,000 employees.

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