Macy’s, Swarovski Make Dramatic Job Cuts
June 26, 2020 by Rob Bates
"Two big names have announced dramatic dents in their payrolls: Macy’s is cutting 3,900 jobs—including the founder of Story—and crystal maker Swarovski is cutting 600.
Macy’s says the dramatic head-lopping will include cuts in corporate and management as well as its stores, customer service, and supply chain management divisions.
In a statement, Macy’s chairman and chief executive officer Jeff Gennette said that he will lead “a smaller company for the foreseeable future.
“While the reopening of our stores is going well, we do anticipate a gradual recovery of business,” he said.
One of the more surprising cuts involves the reported departure of chief brand experience officer Rachel Shechtman, who joined Macy’s in 2018 after it bought Story, the widely hailed experiential retailer she founded.
Shechtman’s hire was part of a plan meant to pivot Macy’s in a more experiential direction. In April 2019, Macy’s opened Story boutiques in 36 stores. In February, it shut 16 of them.
Crystal maker Swarovski is cutting 600 jobs, in particular in marketing and sales. Two hundred of those cuts are in Wattens, Austria, where the company is headquartered.
The news comes nearly two months after ... "
https://www.jckonline.com/editorial-art ... -job-cuts/
