Macy's tech chief sheds light on layoffs in letter to employees - Business Insider

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Macy's tech chief sheds light on the hundreds of layoffs announced this week in a letter to employees

ahead of its annual investor day on February 5.

"Our goal is to have modern technology tools and platforms with lower total cost of ownership and higher productivity. In the coming months, we will empower our front-line colleagues with tools to make their jobs easier. We will modernize our technology platforms to support growth and profitability initiatives, and simplify infrastructure to reduce costs," he wrote.

Up until this week, around 1,250 people were working at Macy's office in San Francisco – 880 of these workers were full-time employees and a further 200, contract workers. "This expanded technology hub will allow us to leverage great technology talent and streamline development and support accountabilities into a single VP role," Krishna wrote, before laying out the vice presidents that will take responsibility for each tech team.

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Ssssshhhh✅ Best not to tell ImpeachedTrump & his administration. He just had SOTU & He said everything is peachy-keen smh

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