Macy’s to Furlough 100k Employees

#1

Post by Lagogarda » Mon, Mar 30, 2020, 3:33 PM UTC

Macy’s to Furlough 100k Employees
idahoreporter.com

Re: Macy’s to Furlough 100k Employees

#2

Post by lgleason » Mon, Mar 30, 2020, 4:12 PM UTC

No big surprise. Given that retail was already in decline before this some of these jobs will probably not come back.

Re: Macy’s to Furlough 100k Employees

#3

Post by wear_a_mask » Mon, Mar 30, 2020, 4:20 PM UTC

lgleason wrote: post #2

No big surprise. Given that retail was already in decline before this some of these jobs will probably not come back.

You're 100% right, but try to be compassionate. These people are now out of work, and can't pay for food, rent, etc.

Re: Macy’s to Furlough 100k Employees

#4

Post by taylodl » Mon, Mar 30, 2020, 4:37 PM UTC

lgleason wrote: post #2

No big surprise. Given that retail was already in decline before this some of these jobs will probably not come back.

And department stores have been among the hardest-hit in retail: Sears, JC Penney, and Macy's have all been struggling.

Re: Macy’s to Furlough 100k Employees

#5

Post by ur-whale » Mon, Mar 30, 2020, 4:59 PM UTC

"furlough"

Re: Macy’s to Furlough 100k Employees

#6

Post by twblalock » Mon, Mar 30, 2020, 5:03 PM UTC

I hope the furloughed workers will be able to get unemployment benefits or something similar. Otherwise being furloughed is the worst of both worlds: employed, but unpaid.

On the other hand, being furloughed rather than laid off will mean the workers keep their health insurance.

Re: Macy’s to Furlough 100k Employees

#7

Post by ilikehurdles » Mon, Mar 30, 2020, 5:04 PM UTC

twblalock wrote: post #6

I hope the furloughed workers will be able to get unemployment benefits or something similar. Otherwise being furloughed is the worst of both worlds: employed, but unpaid. On the other hand, being furloughed rather than laid off will mean the workers keep their health insurance.

Having your hours or pay cut significantly qualifies for unemployment.

Re: Macy’s to Furlough 100k Employees

#8

Post by SamuelAdams » Mon, Mar 30, 2020, 5:04 PM UTC

Doesn't look good, they had earlier corporate layoffs in February [1], before this entire thing hit. My guess is it's only a matter of time before they close shop for good.

Also check out all the WARN notices from businesses in NY posted in the last week [2]. COVID-19 is largest (within the USA) in NY. As a result many businesses are closing / furloughing / laying off people.

[1]: https://www.labor.ny.gov/app/warn/details.asp?id=7098

[2]: https://www.labor.ny.gov/app/warn/

Re: Macy’s to Furlough 100k Employees

#9

Post by 1123581321 » Mon, Mar 30, 2020, 5:09 PM UTC

twblalock wrote: post #6

I hope the furloughed workers will be able to get unemployment benefits or something similar. Otherwise being furloughed is the worst of both worlds: employed, but unpaid. On the other hand, being furloughed rather than laid off will mean the workers keep their health insurance.

Furloughed employees typically qualify for unemployment.

Re: Macy’s to Furlough 100k Employees

#10

Post by code4tee » Mon, Mar 30, 2020, 5:12 PM UTC

Sadly this whole current mess may be an insurmountable hurdle for an industry that was already struggling. This is all going to force some changes for what the future of retail looks like.

Hopefully in the long run we can all find a place for in person retail. I buy a lot online but still like going to stores sometimes too. We will likely see the industry re-invent instead a bit with smaller footprints and a focus on things that sell better in person than online.