Macy's Plans to Slash 2,350 Jobs and Close 5 Stores
Briefly

As we prepare to deploy a new strategy to meet the needs of an ever-changing consumer and marketplace, we made the difficult decision to reduce our workforce by 3.5% to become a more streamlined company.
Macy's CEO gets $11m per year while a lot of his workers rely on food banks, and some can't even afford to see doctors because of the low wages and the expensive healthcare, Azia Domingo, an employee who has worked for Macy's for 21 years, told The Guardian in November.
Read at time.com
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