By  on January 4, 2017
A Macy's department store.

Macy's Inc. will lay off more than 10,000 workers, roughly 7 percent of its workforce, this spring in a massive streamlining of a magnitude not seen at America's largest department store chain since the Great Recession.

Of the total, 6,200 are management positions. "That is a significant portion of our executive population — 17 percent. It's a huge cut," Terry J. Lundgren, Macy's chairman and chief executive officer, told WWD.

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