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Macy's is known for many things--its Thanksgiving parade, its coupons, and its awesome deals. But this holiday season wasn't kind to the retail giant. To boost up slumping sales, Macy's CEO announced some cost-cutting measures: layoffs and store closings.
The store will eliminate 4,500 jobs, but promises to reassign about half of these (so the total job loss would be around 2,500), according to USA Today. But many, many stores around the country are shutting their doors together .