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Macy's Cut 7,000 Jobs, Reduces Capital Spending Plans Again

Calculated Risk... | Mon, 02/02/2009 - 4:31pm | job cuts, job loss, Macy's, so long 7000 jobs, unemployment |  Add a comment

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From MarketWatch: Macy's cutting 4% of workforce, quarterly dividend Macy's ... said Monday ... it will slash 7,000 jobs [and] reduced its 2009 capital expenditures budget to about $450 million ... It was just last November that Macy's cut their 2009 capital spending plans from $1 billion to $550
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