Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Macy's Announces 7,000 Job Cuts (Obama's Fault)
ABC News ^ | February 2, 2009 | Eleanor Hong, Scott Mayerowitz and Alice Gomstyn

Posted on 02/02/2009 1:15:57 PM PST by an amused spectator

The crumbling economy has taken its toll one of the largest department store chains, with Macy's announcing today that it will cut 7,000 jobs, about 4 percent of its workforce.

The company's cost-cutting measures include restructuring its retail divisions and reducing planned expenses. Macy's Inc. operates more than 840 department stores -- under Macy's and Bloomingdale's -- across the nation, with corporate offices located in New York and Cincinnati.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; layoffs; macys; obamasfault; retail
Morgan Stanley (up to 5% of its 47,000 strong workforce) & Goldman Sachs are also thinking about a SECOND round of job cuts.

Geez, maybe Hillary! knew something...

1 posted on 02/02/2009 1:15:58 PM PST by an amused spectator
[ Post Reply | Private Reply | View Replies]

To: an amused spectator
Macy's Announces 7,000 Job Cuts

"Help is on the way!" --- Barack Hussein Obama November 2008

2 posted on 02/02/2009 1:17:13 PM PST by jla (Sarah! sarahpac.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: an amused spectator

What are we up to 150,000 announced in one week now?


3 posted on 02/02/2009 1:19:24 PM PST by autumnraine
[ Post Reply | Private Reply | To 1 | View Replies]

To: an amused spectator
It's Bush's Obama's Fault!


4 posted on 02/02/2009 1:25:08 PM PST by geo40xyz (BE PREPARED: Geo The Engineer says its HUSSEIN & the MSM fault for next 4 years:-))
[ Post Reply | Private Reply | To 1 | View Replies]

To: an amused spectator

Yeah. They DO need a miracle on 34th street.


5 posted on 02/02/2009 1:26:14 PM PST by RushIsMyTeddyBear (Obama dozed.....people froze.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: an amused spectator

Hate when jobs cuts are announced anywhere...hopefully these folks can find some employment soon


6 posted on 02/02/2009 1:26:56 PM PST by UCFRoadWarrior (The UnHoly Grail of Anti-Americanism: Illegal Aliens, Globalism, Free Trade, WTO, UN,)
[ Post Reply | Private Reply | To 1 | View Replies]

I'm sure all of these workers will be able to jump right into Zero's bridge-building infrastructure jobs.....
/rolls eyes
7 posted on 02/02/2009 1:28:29 PM PST by Mopp4
[ Post Reply | Private Reply | To 1 | View Replies]

To: jla

Either the numbskulls in DC don’t understand that the first thing they need to do is FIX the financial system, bring back confidence to commerce, and stop the bleeding OR they want this to happen for political reasons.
You pick.


8 posted on 02/02/2009 1:29:21 PM PST by griswold3 (a good story is more compelling than the search for truth)
[ Post Reply | Private Reply | To 2 | View Replies]

To: autumnraine

Didn’t Obama say he was going to create 3,000,000 jobs in his first year? Well, with the 150k losses, he’s up to 3,150,000 now with one month down. So he needs to create 286,364 new jobs every month for the next 11 months.

Better get busy.


9 posted on 02/02/2009 1:30:39 PM PST by Zeddicus
[ Post Reply | Private Reply | To 3 | View Replies]

To: UCFRoadWarrior
Hate when jobs cuts are announced anywhere...hopefully these folks can find some employment soon

I'm with you FRiend, I'm still UE'd and looking. Doesn't look good.

I foresee a lot of, shall we say, unrest, coming very soon. I'm talking BITS. If you don't know what that means, see my homepage...

FMCDH(BITS)

10 posted on 02/02/2009 1:33:11 PM PST by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
[ Post Reply | Private Reply | To 6 | View Replies]

To: griswold3
Easy choice as far as I'm concerned. Marxism in this once great Republic just jumped on the fast track in a wink of an eye. Get ready. BITS on the horizon.

FMCDH(BITS)

11 posted on 02/02/2009 1:36:08 PM PST by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
[ Post Reply | Private Reply | To 8 | View Replies]

To: an amused spectator

Guess they don’t need the extra Christmas help these days.


12 posted on 02/02/2009 1:37:06 PM PST by bgill
[ Post Reply | Private Reply | To 1 | View Replies]

To: autumnraine

I work there. Its been on the company website for months.


13 posted on 02/02/2009 1:37:46 PM PST by MamaTexan (I am not a political, public, collective, corporate, administrative or legal entity)
[ Post Reply | Private Reply | To 3 | View Replies]

To: nothingnew

Sorry. Translation, please?


14 posted on 02/02/2009 1:37:59 PM PST by griswold3 (a good story is more compelling than the search for truth)
[ Post Reply | Private Reply | To 11 | View Replies]

To: UCFRoadWarrior
Hate when jobs cuts are announced anywhere...

I'm not liking the look of things. These kind of job cuts have a pebble-avalanche effect. I'm convinced neither the old crew nor the new crew had or have a clue.

hopefully these folks can find some employment soon

Amen to that, brother.

15 posted on 02/02/2009 1:40:01 PM PST by an amused spectator (Citizen Kenyan: Commander in The Effort Against Culturally-Influenced Misbehavior.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: griswold3

See his home page.


16 posted on 02/02/2009 1:40:23 PM PST by an amused spectator (Citizen Kenyan: Commander in The Effort Against Culturally-Influenced Misbehavior.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: jla

Move the corporate offices out these expensive cities... that would save a bundle..


17 posted on 02/02/2009 1:43:04 PM PST by JoanneSD (illegals represented without taxation.. Americans taxed without representation)
[ Post Reply | Private Reply | To 2 | View Replies]

To: an amused spectator

Underdog was the first to go. He hasn't been pulling his own weight in years.

18 posted on 02/02/2009 1:45:07 PM PST by SampleMan (Community Organizer: What liberals do when they run out of college, before they run out of Marxism.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JoanneSD
I've noticed something about dept. stores, (tell me if you haven't had the same experience), but a lot of their clerks are acting very similar to fast-food workers. Rude, apathetic, and disinterested in the customer.
Now, this attitude isn't as prevalent in dept stores as it is in fast-food places (which I rarely patronize), but I have seen a shift towards the negative.
19 posted on 02/02/2009 1:48:36 PM PST by jla (Sarah! sarahpac.com)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Mopp4
I think ACORN might be able to fill all these jobs ....

We need change. Obama can change the world! Hope ! Change ! Marxism! Yes we can !!!

Price controls, Hostages, shortages, and lines are next .... change!!!!

20 posted on 02/02/2009 1:50:06 PM PST by PA-RIVER
[ Post Reply | Private Reply | To 7 | View Replies]

To: SampleMan

LOL! Simon Bar Sinister had EVERYTHING to do with it. ;-)


21 posted on 02/02/2009 2:02:41 PM PST by an amused spectator (Citizen Kenyan: Commander in The Effort Against Culturally-Influenced Misbehavior.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: jla

depends on the store. very upscale stores have maintained high quality staff. mid to lower end stores, like macy’s, have let things slip a bit.


22 posted on 02/02/2009 2:19:46 PM PST by durasell
[ Post Reply | Private Reply | To 19 | View Replies]

To: griswold3
From my FR homepage:

I have updated my FMCDH (From My Cold Dead Hands) sign-off with the addition of (BITS).....Blood In The Streets, which I foresee coming soon, due to the enormous increase of the Marxist progressive movement being shoved down the throat of this failing REPUBLIC through the Judicial tyranny of fiat law, the passing of unconstitutional laws by the Legislative and Executive branches of our government and the enormous tax burden placed upon the average American to support unconstitutional programs put forth by Marxist ideology. I do not advocate revolution. I only think of what I foresee. FMCDH(BITS)

23 posted on 02/02/2009 2:22:38 PM PST by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
[ Post Reply | Private Reply | To 14 | View Replies]

To: jla
The apathy began when dept. stores began to cut back on floor employees. At first it was the associates policing the racks and floors, then came the centralized checkout and no overtime, mostly part time( cut the benefits and you cut incentives for a higher class of worker to apply). Notice how Walmart is still high with customer service
24 posted on 02/02/2009 2:23:15 PM PST by shadeaud (Time to smell the roses and not the stench coming from D.C.)
[ Post Reply | Private Reply | To 19 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson