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Macy's to Create 725 Online Jobs

Cincinnati-based retailer Macy's (M) announced this morning that it will add roughly 725 jobs in New York, San Francicso, and Atlanta over the course of the next two years. These jobs will be created to help support the company's macys.com and bloomingdales.com Internet sites.

"Macy's, Inc. is building one of the largest, most efficient and resourceful e-commerce organizations in American retailing as part of our comprehensive omnichannel strategy," President and CEO Terry Lundgren said, according to The Enquirer. "Having the right talent in the right place is vital as we seek to sustain and accelerate our sales growth online, as well as in the stores."

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Fewer job cuts in September, is relief coming?

Layoff announcements hit their lowest level since March 2008 last month, signaling market stabilization. Global outplacement consulting firm Challenger, Gray & Christmas Inc. put the number of cuts at 66,404 for September, a 13% decline from July's 76,456. Year-over-year, the number of layoffs announced is down 30%, and September was the fourth month in a row in which job cuts fell relative to the same month a year earlier.

Planned job cuts reached 240,233 for the third quarter of 2009, according to Challenger, its lowest level since the first quarter of 2008, when there were 200,656 planned layoffs. For the third quarter of this year, job cuts fell 24.5% from the previous quarter's 318,165, and it's off 16.3% from 287,142 in the third quarter of 2009. At the beginning of 2009, the planned layoff rate reached a seven-year high of 578,510. Since then, the planned layoff rate fell 58.5%.

Continue reading Fewer job cuts in September, is relief coming?

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Last updated: May 29, 2012: 01:12 AM

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