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Macy’s reported to cut 1,500 jobs

Bloomberg News / January 28, 2010

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WASHINGTON - Macy’s Inc., the second-biggest US department-store chain, is eliminating 1,500 store-level positions effective March 6, two people familiar with the decision said.

Macy’s, based in Cincinnati, is firing department managers and merchandising team managers, said the people, who declined to be identified because the cuts haven’t been made public. Some stores are losing operations managers, and full-time stock positions were cut, they said.

Macy’s is standardizing its store structure nationwide, which involves eliminating and adding positions, according to Jim Sluzewski, a spokesman.