Macy’s to cut more jobs in restructuring

Macy’s Inc. will cut its corporate and management headcount by 3,900 and reduce staffing in its stores, supply chain and customer support network while it struggles to recover from the impact of the Covid-19 pandemic.

“Covid-19 has significantly impacted our business. While the re-opening of our stores is going well, we do anticipate a gradual recovery of business, and we are taking action to align our cost base with our anticipated lower sales,” said Jeff Gennette, chairman and chief executive…