It is not enough that Macy’s Inc. (NYSE: M) employees worry about whether the retailer will collapse. The company has warned many to return to work or face termination. Many American corporations are recalling workers who were sent home due to the COVID-19 pandemic.
According to Bloomberg, the new rule requires employees to visit a Macy’s physical location at least two days a week. Bloomberg points out that the decision could even trigger a need to move from where they live today to be closer to work. “The company has given employees a three-month grace period to move back to the New York City area,” the news service reports. The policy has a start date of mid-May, Bloomberg adds.
Resume Builder surveyed 1,000 companies. It found that about nine out of 10 U.S. companies will insist that workers return to their offices part-time by the end of 2024. Twenty-eight percent said they may fire people who do not comply. The decision is often a burden for people who moved to areas far away from their offices. Many people did so in 2020 and 2021.
Like many retailers that cater to the middle class, Macy’s is in trouble. It recently announced it would close 150 stores. The company has 350 locations today. It will, however, try to expand its Bloomingdale’s and Bluemercury banners. Some analysts see the decisions about the Macy’s brand could mean it will lose sales to rivals with more stores and that have not made cuts. (See how much money Amazon makes every minute.)
Macy’s management wants workers back in offices, no matter how poorly the retailer is doing.
∴
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
The post Macy’s Employees Who Work From Home May Be Fired appeared first on 24/7 Wall St..
Click this link for the original source of this article.
Author: Douglas A. McIntyre
This content is courtesy of, and owned and copyrighted by, https://247wallst.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.