Report: Macy’s will shutter San Francisco tech office
Macy’s is reportedly closing its technology office in San Francisco on April 1, with at least some layoffs as a result.
According to Business Insider, Macy’s CEO Jeff Gennette informed the more than 1,000 employees at the office, including 880 full-time staffers and roughly 200 contract workers, of the upcoming closure. Operations conducted at the San Francisco office, which include product and digital revenue, Macys.com, and technology, will be moved to existing Macy’s offices in New York City and Atlanta.
A Macy’s spokesperson said some employees will be given the opportunity to transfer to positions in the New York or Atlanta offices, and eligible employees will receive severance pay and outplacement assistance. A notice sent to the state of California indicates 831positions, including senior managers, engineers, and analysts, will be affected by the closure.
Macy’s, which hosts an investor day on Wednesday, Feb. 5, recently confirmed it is closing 29 stores across the country following declines in same-store sales during the third quarter and holiday season 2019.