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"My top priority is having cash sufficiency in our company during the crisis," he said. All of Macy's stores are currently closed. While affected employees will continue to be employed by the company, they will not be paid during this time.Visit Business Insider's homepage for more storiesMacy's CEO informed staff on Monday that the company is furloughing the majority of its employees without pay as it struggles to deal with the impacts of the coronavirus pandemic.
Furlows allow them to keep their Healthcare
'The Cincinnati-based retailer also disclosed its typical employee made $13,810 during the same period that ended Feb. 3. The company calculated Gennette made 806 times the median worker.'
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