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Stock impact report

Macy's Warns Workers They May Be Fired If They Don't Return to the Office [BNN Bloomberg (Canada)]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: BNN Bloomberg
On Monday, the mall-based retailer informed its hybrid employees via email that the new policy will go into effect May 13, according to people familiar with the matter. The new policy will affect a large swath of the workforce, including the merchandising, marketing, and customer and digital teams. The company has given employees a three-month grace period to move back to the New York City area. If they haven't returned by then, workers will risk consequences that could include termination. Previously Macy's remote work policy was more ad hoc and varied by team. Macy's move comes amid a broader push by companies across corporate America to boost office attendance, a campaign that has shifted from cajoling to compelling in recent months. Return-to-office proponents argue that collaboration and mentoring happen best in person, while remote-work advocates say flexible schedules raise employee morale. Most white-collar workplaces have decided on a bit of both, with hybrid arrangeme Show less Read more
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