Thread regarding Macy's Inc. layoffs

Calm down people and put your energy into something else. WHOSA!!!

The reaction of the poster in the title is what caused the anger. "NOT GOOD!!" – no sh– it's not good, WW3 is NOT GOOD, no reason to write an article about it because it's obvious, unless of course you have people like the O.P. who will react to that article and continue the fear mongering. IDIOCRACY at it's finest. Too many people get their knowledge and perspective from Twitter and opinion pieces that are written for a reaction (because reactions = clicks = ad revenue)

Why so angry in response to the article? It’s an opinion.

Do you people even look into who wrote these things? Just because Bob the f—stick writes an article doesn't mean it's true. Causing a reaction in the public that takes some dumb–ses word for granted ends up making it true by reacting therefore giving credibility to the said f—stick to have a higher impact once again. Ever consider what interest he has in writing a speculative piece on no evidence? I should write a piece that if there is a virus in 2021 that is 10 times worse than covid-19 that millions more will die and cause many bankruptcies, and it will be just as true as this.

Yahoo News is a complete joke

Macy’s first quarter sales crashed to $3 billion from $5.5 billion a year ago as stores were mostly closed during the quarter. The company lost an eye-popping $3.6 billion on a net basis. It was forced to take a $3.1 billion asset impairment charge, likely reflecting reduced expectations around sales and profits post pandemic.

The company ended the quarter with about $7 billion in combined short- and long-term debt compared to a mere $2.7 billion in shareholders’ equity.

my thinking is it will take a loss of 9 billion to wipe it out.. that would take 5 years of a lot of 2 bil a year or more. now that it lost 4bill in 4 months if that happens again i think its done