Money Macy’s cutting 3,900 corporate jobs as part of restructuring due to COVID-19 impact on sales June 25, 2020 Kelly Tyko, USA TODAY Comments Off on Macy’s cutting 3,900 corporate jobs as part of restructuring due to COVID-19 impact on sales Macy's is cutting approximately 3,900 corporate and management jobs as part of its restructuring to address the impact COVID-19 has had on sales.