Macy’s Takes Ax to Middle Management in Sweeping Restructure
- Department store will move from district to regional structure
- Company is embarking on a three-year plan amid retail shift
This article is for subscribers only.
Macy’s Inc. is getting rid of several middle management positions as part of the department store chain’s dramatic restructuring aimed at surviving in an altered retail landscape.
Macy’s Chief Operations Officer John Harper is cutting the positions throughout the organization as well as removing a team at district level, he said in a memo sent to employees and viewed by Bloomberg News.