A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020.
Michael Short | Bloomberg | Getty Images
The cuts represent about a fourth of Macy’s corporate workforce.
The department store chain said it expects to save about $365 million through the layoffs in fiscal 2020. It said it will save roughly $630 million on an annualized basis.
Macy’s said it has reduced staffing across its stores, supply chain and customer support network,…