Topics regarding layoffs at Macy's Inc.

Topics regarding layoffs at Macy's Inc.

Macy’s stock collapse

Macy’s stock is now at $7.57 down from $18 a month ago. I think Macy’s will be in the pennies by June /July. Then you will see a blood bath of firing and layoffs.

Too Many Meetings

With recent job cuts most everyone in the company is taking on additional responsibilities which increases our workload. I just added up the amount of meetings scheduled weekly and they add up to 8+ HOURS! I just don’t understand how this can be... — read more 

How to Spot an Incompetent Leader (San Francisco)

https://hbr.org/2020/03/how-to-spot-an-incompetent-leader If you want to understand why some companies have a toxic culture, underperform relative to their potential, and eventually collapse — look no further than the quality of their leadership... — read more 

Polaris. The true meaning

Polaris is just a b—s— fancy word that Jeff the clueless clown dreamed up to spin the exact same nonsense he’s been spewing since he took over. He doesn’t have any real feasible plan to turn things around. It’s the same biz model but stamped... — read more 

Real estate

Being a neighborhood store and having a real estate agent come in and do measurements/take pictures cant possibly be a good sign.

It is over - isn't it??

Macy's stock just hit $9.66 and seems as if there is no bottom. Sorry $9.57 and there is no bottom. Wait $9.54. Now in just one minute or less the stock has hit a low that has not been seen in a long time. $9.53 now as I type. What this means is... — read more 

My thoughts part 3

I think m will rapidly go down. First with stock going into single digits as tins of investors back out . More stupid rules to get you fired will come flying down the pike. Job cuts , hours cut. I think it may even come to a point where they just... — read more 

Districts gone?!?

Every time I turn around I’m meeting a new person who reports to the district DVP or whatever they are calling it now. They walk around point out the obvious and leave the store. Gee thanks. Was told store visits are drastically changing, we won’t do... — read more 

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Post ID: @OP+13UpRRo4

Poof! I’m a magician!

Macy’s the company where they give you 300 hours of workload with a budget of 100 hours and expect it done and done at 110%. When it doesn’t get done it’s because your not having effective planning meetings, or buying into the total store team... — read more 

Laying of District Managers is a new trend

GameStop has laid off a number of district managers, sources tell Polygon, as part of a middle-management cost-cutting exercise. According to multiple sources, the company recently cut as many as 10 district managers, whose job was to monitor... — read more 

Macy’s stock

Macy’s still Cuba month ago was $18 now it sits little over $10. I think they will rapidly closes stores and cut jobs faster. It will also be at no notice. I think how Macy’s will go down is rapidly and a big surprise. I still give it 2 years max... — read more 

401k?

Former Sales Manager who left the company nearly two years ago, does anyone know how to access the 401k?

Macy’s Union

The more I think about it the only way anything is going to change at Macy’s for the worker is by forming a union. The workload is crazy, less jobs higher expectations and now store managers are the end all be all. I guarantee there are stores like... — read more 

Culture of concealment

The U.S. House panel also faulted Boeing for what it described as a "culture of concealment" for failing to disclose information to airline pilots about the 737 MAX's MCAS stall-prevention system linked to both crashes, and that a key... — read more 

Women shoes

does anyone know if commission are going in W. shoes? I know they lowered it to 1.5 .2.5. 3.5. 4.5 the more you sell the higher the tier.. but things are bad.. so my guess commission will exit soon? I hear June ?

Macy's Agile -- Sprinting towards dead end!

https://blog.aha.io/going-agile-is-not-a-transformation/ I witnessed this in San Francisco. Many companies are describing enterprise transformation in terms of the work — specifically, how the work gets done. This is obviously important since an... — read more 

Macy's W2 Download

I left last year and I have not received my W2 yet. Do you know who may be able to help me get that W2 from Macy's? Please let me know.

Running in quicksand

https://www.google.com/amp/s/seekingalpha.com/amp/article/4328587-macys-is-still-running-in-quicksand

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Post ID: @OP+13MMsjZH

Where is our paycheck?

I was laid off last month and have paperwork stating I will be paid until may. I haven't received pay today or friday.

Macys San Francisco made Grid Dynamics rich

Deep Data at Macys: Searching Hierarchical Documents for eCommerce Merchandising https://www.youtube.com/watch?v=mKxQBechNiE Grid Dynamics was a high rate contractor who netted high dollar amount from Macy's San Francisco due to critical... — read more 

Macy's Stock Could Drop Into Single Digits

Macy's stock is selling off after fourth quarter 2019 earnings and could break support near $11 dropping into the single digits. Today's stick price is $12.90.

HR Frustrations

My family member is working in a temporary position for Macy's and I just viewed their paycheck. He is mistakenly having City of Cincinnati taxes withheld from his check. He does not live in the city of Cincinnati, nor is the store he is working at... — read more 

Audio Webcast - Fiscal 2019 Earnings and 2020 Guidance

I always love to hear Gannette's BS excuses on these calls. Already blaming Corona for 1st quarter demise. No Thanks for Sharing; unloading on the new Star Rewards program instead. Neighborhood stores remain for profitability. Link at the bottom of... — read more 

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| 1160 views | | 5 replies (last February 28, 2020)
Post ID: @OP+13HDone2

Just came back.

I just came back after a hiatus. I was shocked how the growth 250 is in complete shambles. They cut all but a few managers and demoted one. Store manager is being moved but the crazy part is they are down to 3 lp guys and only one works all... — read more 

Macy’s is planning for a coronavirus hit

Forget any bonuses for next 2 years. Also, brace for massive layoffs: Macy’s warned investors that the coronavirus outbreak, which has shuttered commerce across China and sent markets spiraling, could hit the department store chain, too. The... — read more 

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| 1540 views | | 3 replies (last February 27, 2020)
Post ID: @OP+13Gbqypp

1st Quarter HIIIIKE

All team leaders please report to unemployment line you have 30 days to find a position and managers become area managers. Only 3-4 Managers left in the building. 2 team leads will open and close. Astalavista Baby!

Market by Macys

So the new concept store opened last week. Any information on how the open went and how busy it was? How are customers (not Macys Executives) responding to it?

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Post ID: @OP+13CIs4OR

My thoughts part 3

Just learned my sales manager was let go and store manager was moved. As I watch the stock turn to junk stock ( hit the ice berg ) and I just learned Victoria secrets got bought out by a Equity firm. And forever 21 was sold to Simon malls. , Pier 1... — read more 

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| 1530 views | | 4 replies (last February 21, 2020)
Post ID: @OP+13Cv8ZMY

It is a sad day when merit not longer decides who stays

In case anyone hasn’t been paying attention check out who was kept and who was let go. Just use your eyes. Remember this day in age in this large a company, performance no longer decides whether or not you keep your job.

Ast

I was just given information that ADT is going to 1 full time. Is that correct

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