Macy's to furlough majority of its 130,000 workers

Department store giant Macy’s Inc. announced Monday that it will furlough the majority of its workforce of 130,000 as it grapples with the impact of COVID-19, which has ground sales to a halt.

Macy’s (NYSE: M) made the announcement 13 days after it said it would close all 680 of its physical stores amid the coronavirus outbreak. Those stores will remain closed until the company has a “clear line of sight on when it’s safe to reopen,” according to a news release.

Macy’s has a store at Coronado Center…

Source: The Business Journal