Macy’s Is Laying Off Over 2000 Workers, Closing 5 Stores
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Macy’s Is Laying Off Over 2000 Workers, Closing 5 Stores
Macy’s Is Laying Off Over 2000 Workers, , Closing 5 Stores.
According to a memo sent to employees on Jan.
18, Macy's is cutting 2,350 jobs and shutting down five stores, 'Time' reports.
.
As we prepare to deploy a new strategy to
meet the needs of an ever-changing consumer
and marketplace, we made the difficult
decision to reduce our workforce by 3.5%
to become a more streamlined company, Macy's spokesperson, to 'Time'.
The stores will run clearance sales
for 8-12 weeks prior to closing.
According to the memo, America's largest department
store operator intends to terminate management roles
and implement additional automation services.
.
Macy's union has yet to respond to the layoffs.
On Black Friday, the union went
on strike in Washington State.
.
Macy’s CEO gets $11m per year while a lot
of his workers rely on food banks, and some
can’t even afford to see doctors because of
the low wages and the expensive healthcare.
, Azia Domingo, an employee who has worked for
Macy’s for 21 years, told 'The Guardian' in November.
The layoffs come as Macy's prepares for a new CEO, Tony Spring, who is set to take the helm in February.
.
Its current CEO, Jeff Gennette,
who reportedly made over 12 million
in 2021, has been in charge since 2017
This Day in History: , Donna Summer, Queen of Disco, Dies.
May 17, 2012.
The 63-year-old singer and
songwriter died in Naples, FL,
from non-smoking related lung cancer.
The disco diva rose to fame
in the 1970s, with hits like
"Hot Stuff" and "Last Dance.".
As disco's popularity waned, Summer
wrote songs for several different genres.
Her song, "Starting Over Again," for Dolly Parton
was a number-one country single in 1980.
Her 1983 hit, "She Works Hard
for the Money," became a
pop-rock feminist anthem.
Summer was a five-time
Grammy winner, who's been
sampled by artists from
Beyonce to the Pet Shop Boys.
The mother of three was
buried in Nashville, her
home since the 1990s
Credit: Wibbitz Top Stories Duration: 00:53Published
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Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.
NBC reports that approximately 99 Red Lobster locations
will be auctioned off as the seafood chain faces
questions regarding the company's long-term future.
Founder and CEO of the liquidation firm TAGeX Brands,
Neal Sherman, said he would lead the closure of over
50 locations in a May 13 LinkedIn post.
Sherman said equipment from the
locations will be auctioned off.
Locations will reportedly be closed across
the United States, including Denver,
Indianapolis, California and New York.
On May 14, Restaurant Business Magazine reported
a total of 99 locations would close, representing
about 15% of the company's 700 locations. .
NBC reports that the largest seafood
restaurant in the U.S. has struggled with debt,
unfavorable leases and executive turnover.
The chain's troubles also stem from ill-advised
strategies like an all-you-can-eat-shrimp promotion
in 2023 that resulted in a significant loss.
Earlier in 2024, the chain's largest investor,
Thai Union, announced that it would
seek to exit its position. .
The combination of Covid-19 pandemic,
sustained industry headwinds, higher
interest rates and rising material and
labor costs have impacted Red Lobster,
resulting in prolonged negative
financial contributions to
Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.
After detailed analysis, we have
determined that Red Lobster’s
ongoing financial requirements
no longer align with our capital
allocation priorities and
therefore are pursuing an exit
of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Harry and Meghan’s Archewell , Delinquent Over Unpaid Fees.
The Duke and Duchess of Sussex's charity is currently prohibited from raising money in California because it's
been found delinquent in the state, NBC News reports. .
California Attorney General Rob Bonta was responsible for issuing the delinquency notice. .
According to the state of California,
Archewell has yet to pay its yearly
registration fees or submit an annual report.
A source familiar with the situation said that the foundation's check was lost in the mail, but another one has been sent out. .
The issue will likely be resolved in a
matter of days, according to the source.
Meanwhile, Harry and Meghan have been in Nigeria supporting causes such as wounded veterans.
Meanwhile, Harry and Meghan have been in Nigeria supporting causes such as wounded veterans.
The Archewell Foundation was launched in 2020 after the couple stepped away from the royal family.
The foundation's mission is, "Show up, do good.".
We consciously partner with
key organizations and leaders
to identify immediate needs,
build meaningful initiatives,
and drive long-term change, Via the Archewell Foundation's website
Credit: Wibbitz Top Stories Duration: 01:31Published
The Duke and Duchess of Sussex's Archewell Foundation has been labelled "delinquent" by California's Registry of Charities and Fundraisers for failing to submit.. Sky News
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Susan Backlinie, who played one of the most memorable roles in "Jaws," has died ... TMZ has learned. The longtime actress and stuntwoman passed away at her home.. TMZ.com
Joey Graziadei & Kelsey Anderson chat with THR at the 'IF' premiere and say it feels like a "breath of fresh air" to be out and about following 'The Bachelor' season finale. Plus, they dish on visiting Joey's second home, Hawaii, and their thoughts on Jen being the next Bachelorette.
Credit: The Hollywood Reporter Duration: 01:57Published
Phase One Investigative Maui Wildfire Report , to Be Released Next Month.
ABC reports that seven months after deadly
wildfires devastated Maui, an investigative
report will be released on April 17, 2024.
Hawaii Attorney General Anne Lopez commissioned the
Fire Safety Research Institute (FSRI) to conduct an
independent investigation alongside several local agencies.
The first phase of the investigation is meant
to analyze how the disaster unfolded during
the first 24 to 72 hours, as well as its aftermath. .
The report also includes
a comprehensive timeline of events. .
According to the AG's office, the FSRI research
team ran into unexpected delays while
gathering information critical to their review. .
In November of 2023, subpoenas were served to the
Maui Emergency Management Agency, the County
of Maui Department of Public Works and the
County of Maui Department of Water Supply.
Those subpoenas demanded materials relevant
to the investigation, including documents and photos, as well as video and audio recordings.
Being able to review all of the data,
which is extensive, has a tremendous
impact on the comprehensive analysis
of the fire incident and our
recommendations to make Hawaiʻi
a safer place to live, work and play, Steve Kerber, Ph.D., PE, vice president and executive director of FSRI, via ABC.
An analysis of this magnitude cannot be
rushed, and we must allow for the time
needed to make sure this investigation,
based on science, is done correctly, Anne Lopez, Hawaii Attorney General, via ABC.
I am confident that the Phase One
report will provide some answers
to the questions surrounding
the tragic wildfire incident, Anne Lopez, Hawaii Attorney General, via ABC
Credit: Wibbitz Top Stories Duration: 01:31Published
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