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Macy’s Is Cutting 3,900 Jobs in Restructuring for Post-Pandemic Future

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Macy’s is cutting 3,900 jobs in a restructuring that aims to right-size the company for its post-pandemic future. Expected to recoup $630 million in annual savings, the move comes after CEO Jeff Gennette said the iconic retail operator would emerge from the coronavirus crisis as a smaller, slimmed-down company. While the 3,900 layoffs will hit…

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