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Macy's cuts 750 Seattle jobs

The_TimThe_Tim
edited February 2008 in The Economy
Quote from the P-I:
Department store operator Macy's Inc. said Wednesday it will cut about 2,300 management jobs, including 750 in Seattle, as it consolidates three regional divisions and decentralizes buying in a bid to reduce costs and boost sales.

The announcement came as Macy's announced separately that it had a steeper-than-expected drop in sales in January at established stores. Shares fell almost 5 percent on the news.
Holy cow, Macy's has/had 750 management jobs in Seattle?

Comments

  • deejayohdeejayoh
    goodbye, old Bon Marche staffers...
  • rose-colored-coolaidrose-colored-coolaid
    Seattle? Just as I expected. None of the cut jobs are in Downtown Redmond. Phew.
  • redmondjpredmondjp
    Nothing to see here, move on please.

    I mean seriously, in any story on local real estate, have you ever seen the following in print:

    " . . . and our housing market will stay strong because we've got Boeing, Microsoft, Weyerhauser, and Macy's . . . "

    Yup, say goodbye to the last local connection to the old Bon Marche. I knew when they (temporarily) renamed it 'Bon Macy's' that the Bon's days were numbered. Not hard to connect the dots on this one.
  • WestSideBillyWestSideBilly
    The Tim wrote:
    Holy cow, Macy's has/had 750 management jobs in Seattle?

    I'm not terribly surprised. I'd be curious about the salary structure of the 750 people - I assume it's mostly < $20/hr jobs.

    Say hello to a bunch of vacant condos/rentals downtown!
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