USA Today reports:
Retail giant Macy’s said it will furlough a “majority” of employees as companies continue to navigate how to operate during the coronavirus pandemic.
In a statement Monday, Macy’s said “the majority of our colleagues” will go on furlough starting this week. As of its 2019 fourth quarter, Macy’s had 125,000 employees and 775 stores nationwide.
Macy’s says furloughed workers enrolled in health benefits will continue to receive coverage at least through May.
Macy’s will furlough the majority of its roughly 130,000 employees as sales evaporate, but will pay health benefits through at least May https://t.co/3K1miFK7nc
— wsj (@WSJ) March 30, 2020
Macy’s is furloughing most of its workers without pay https://t.co/dmMtYBXjRB
— Business Insider (@businessinsider) March 30, 2020