I'm really scared, as millions of other Americans are. Is this just temporary,??? Or are they closing down all of the brick and mortar stores for good.? I just cannot imagine them doing that.
What's our best alternative?
Once this is all over and it becomes clear that a bunch of stores will stay closed and a bunch of folks will remain jobless, where are we supposed to look for new jobs? There will be tens of millions of people out of a job throughout the country... — read more
Be careful what you wish for
Let me preface this by saying that you're naive if you think Macy's doesn't read these. A few weeks ago some people posted complaining that managers still had to go into the stores and work. Fast forward and now just about everyone including sales... — read more
Filing Unemployment
Does anyone know what the EAN and FEIN numbers are? Is it different for each state? I live in Michigan.
Raising late chardes
Just got my Macy statement today. Macy’s is raising late charges up to $40 per month. Old late fee was $29 per month. Just another way of Macy’s reaching out to thousands of card holders during a national crisis saying “we’re here to help,’
Warn Pay & Severance
From the last layoff in February, If we were provided Warn Pay & Severance, does anyone know if Macy's can reduce or eliminate this? We're not even through the NY 90 day Warn requirement (where Macy's has to pay you for 90 days) before this most... — read more
Tell creditors "because of coronavirus"
If you have trouble paying your bills/meeting commitments, insurance payments etc. remember to tell creditor that you have experienced loss of income/job because of Coronavirus. Many creditors do not ask and you must tell them too you are properly... — read more
Here is the Furlough letter from insite.
Update to your Macy's, Inc. Employment To: Macy’s, Inc. furloughed hourly colleagues Update to your Macy’s Employment COVID-19 is taking a heavy toll on our company. As mentioned in Jeff Gennette’s message earlier today, while we are doing... — read more
Furlough
Well just found out when are on furlough till further notice. My question is will we get paid the 28 pto for last week and the 12 pto this week?
How legal is it for Macys to furlough vs layoff???
If the company furlough employees they don't have to pay them severance packages. So my question -is it legal????
Will these be layoffs in disguise?
Furlough some people than never call them back? What are the chances of that happening?
Furlough
Who makes the decision on who gets furlough?
Important Business UpdateRestoreClose To: All Macy’s, Inc. colleagues From: Jeff Gennette, Chairman & CEO, Macy’s, Inc. Important Business Update Dear colleagues, I hope this message finds each of you and your families safe and... — read more
The CEO of Macy’s should not make more than the President of the United States
The salary for the president is $400,00. That would be a fair salary for the CEO
New Email from JG regarding furloughs today
Received the new email from JG this morning. Expect to receive notice of your furlough from your PL and HR today.
Macy’s ceo Jeffrey Ginnette makes 806 X the regular Macy’s worker
The average Macy’s associate makes about $14,000 per year (well below the poverty line) in 2019. Jeffrey Ginnette made over $12.7 million in 2019. this is why Macy’s is struggling to survive. Oh he’s giving up his salary during the crisis, oh well... — read more
Pension Payments
Does anyone know if we will still receive our pension payments(for those of us that have them). The funds are currently in a Wells Fargo annuity. Could these payments be halted if Macy's files for bankruptcy?
Has any one tried filing for unemployment
Has any one filed for unemployment? We should qualify because Macy's cut our hours, sent us home, and then 'temporarily' closed the stores. Many shopping Malls have shut down, and many cities are on lock-down. From what I read (or understand) the new... — read more
Is Macy's in breach of contract?
If my signed severance package says one thing, and then Macy's does something else, is that breach of contract? Specifically, I'm thinking of the promise of a partial bonus and 401k match, with an indication that the payouts are in March and April... — read more
North Star Forget Fund
If anyone has thought about a grant from NSRF? Forget it. Even IF you qualify... $500.00. Time to make stone soup.
Sick Pay/PTO being Cancelled
All of the sudden today I heard someone saw that their schedule was blanked when They were using sick pay and pto to make up the rest of the 40 hours to get pay and then when I went to pto history it shows it was cancelled same with what They wanted... — read more
Emergency Pay
Just heard we can only use 1 PTO and the rest have to be sick days while we are getting the emergency pay so what happens after next week
Just curious
Do you think Macys is going to reopen this week? Its suppose to be on the 1st, somehow I don't see that happening maybe the week after or around the 15th.
Three managers quit without notice
In my store three managers quit without notice today
Macy’s is hanging on by a thread
5 months of cash left, executives making over $500,00 a year with no pay cut, this place is so f— I n g Messed up
40HRLY non salaried Execs
What is the deal with the 40HRLY Non salaried execs not being allowed to come into work and help? They are the ONLY ones in the company that aren’t getting a paycut and DO NOT HAVE TO WORK! What the f_??? I am a salaried sales manager working my... — read more
5 months of cash left for M
https://www.marketwatch.com/story/macys-kohls-have-about-5-months-of-cash-available-putting-them-at-risk-from-extended-closures-analysts-say-2020-03-27 Hopefully we will be back before then
Five Months of Cash?
Oof. https://www.yahoo.com/finance/m/d97e2040-c6a3-3344-ac45-9e4805cfb893/macy’s-kohl’s-have-about-5.html
From Moody's downgrading to junk bonds Mar 26 6 pm
Macy's will need to "refocus its efforts toward prioritizing the preservation of liquidity and delaying its strategic plans to improve its operating performance," Moody's said. Weaknesses in Macy's credit profile "have left it vulnerable to shifts in... — read more
Not a Coronavirus related question, does that mean it doesn’t deserve to be answered?
I had my last day with Macy’s on 3/13. I left the company after 4 years. I just got off the phone with HR and the lady was rude as hell to me. She told me my question was not important right now as they’re dealing with coronavirus issues. Obviously... — read more
Silly Con Valley has s---ed Macy's dry ...
I really think of Naveen as a CTO GOD to shutdown Uber expensive 680 Folsom (floors 8 to 14). I feel so happy that 680 Folsom Macy's.com sign us finally coming down.
18 Days Cash Burn per WSJ
Anybody see the front page of the WSJ today? 18 days cash burn. https://www.wsj.com/articles/coronavirus-puts-a-premium-on-cash-even-for-biggest-u-s-companies-11585153040
Uncertainty, and optimism
Yes, the future of Macy's is VERY uncertain at this point in time. In contrast, the future of the world as we know it is just as uncertain. Who would've guessed two weeks ago that we'd be where we are right now? The entire country shut down. The... — read more
CEO's Email: Furloughs & Layoffs Are Coming
Dear colleagues, I love this company and our incredible people. And I look forward to the day when this crisis is behind us and we can resume our normal lives. However, today’s painful reality is that COVID-19 is taking a heavy toll on our... — read more
There goes 2019 bonus!
We want to acknowledge that the COVID-19 crisis has had a significant impact on our colleagues, communities and our business. Macy’s Inc., like many other companies, has been impacted by the crisis and we have had to make some difficult decisions. ... — read more