Macy’s Plunge: Cuts 10,000 Jobs Since Dissing Trump

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(WND.com) In the battle of Macy’s vs. Donald Trump, it appears the clear loser continues to be Macy’s.

On Wednesday, the retailer announced disappointing holiday sales, prompting its stock to drop more than 9 percent.

The company also released the locations of 68 of the 100 stores it plans to close, with more than 10,000 jobs reportedly being eliminated.

CNBC reported: ” As part of Wednesday’s announcement Macy’s said it will eliminate layers of management to cut costs and make more agile decisions. It also will work to reduce other non-payroll costs. As a result of these steps, the company estimates its work force will be cut by 6,200. Another 3,900 workers will be displaced by the store closures and some of these employers could be reassigned.”

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As WND reported, Trump upended American politics in 2015 when he declared he was a candidate for president.

Macy’s promptly declared it was cutting ties and dumping Trump’s clothing line because of “disparaging” remarks about Mexicans….

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