Macy’s to cut jobs as it struggles amid the rise of Amazon

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Macy's sales and earnings trends have deteriorated significantly over the past year.

Macy’s will be closing offices in San Francisco, a move that will eliminate some jobs, according to a news report. 

The retailer is planning to close offices in San Francisco that handle tech functions, shifting those tasks to offices in New York and Atlanta, according to CNBC which cited a company spokeswoman.

While it wasn’t clear how many employees will be affected, Macy’s said some will be able to move into other offices, while others receive severance.

The job cuts come in the wake of Macy’s sales continuing to slide during the all-important holiday season. The retailer previously said that it would shutter 28 stores at the start of this year. 

Macy’s has struggled to find its footing amid a shopping landscape that has seen retail giants like Toys R Us and Payless go out of business, and others slash locations as they try to compete with Amazon. 

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