Macy’s Furloughs Most Employees Due to Financial Struggles and COVID-19 Closures

The move applies to the majority of the mega retailer's 125,000 workers

woman carrying a Macy's bag
Most of the people employed by Macy's Inc. will be furloughed starting this week. Getty Images

For the second half of March, all department stores under the red, star-shaped Macy’s umbrella have been shuttered due to the ongoing COVID-19 crisis. While online shopping is still available for consumers, closing down the almost 870 physical Macy’s properties has hit the business hard.

@monicroqueta Mónica is a breaking news reporter at Adweek.