Netflix, Disney, YouTube Eye FIFA World Cup TV Rights in Multi-Billion Dollar Battle 
Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
US Stock Futures Steady as Oil Prices Ease, Iran Talks Boost Market Sentiment 
US Back-to-School Spending Seen Falling as Families Focus on Essentials 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Sino Biopharm Stock Rises After AstraZeneca Licensing Deal, GSK Partnership Expansion 
Asian Stocks Slip as Iran Tensions, Samsung Weakness and Fed Caution Weigh on Markets 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Asian Stocks Rise as AI Chip Rally Offsets Middle East Tensions 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Mizuho’s Top U.S. Industrials Stocks: Why Corteva and Stanley Black & Decker Stand Out 
Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans 
Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
Macy’s, the American department store chain, unveiled its plans to hire more workers as the holiday season is just around the corner. Based on the reports, the company is looking to add around 76,000 workers who will work part-time or full-time at its stores, warehouses, and call centers across the United States.
Reuters reported that this massive hiring plan just indicates the business may be returning to its pre-pandemic state since this is the same level of hiring workers before the COVID-19 hit and crippled many businesses around the world.
It was added that Macy’s move to take in more workers comes amid the major labor crunch that is currently ongoing in the country. More and more companies, big and small, are having a hard time filling in the vacancies in their firms as people today are preferring to work at home or simply stay home for fear of contracting the contagious coronavirus.
The labor shortage even pushed major firms to increase their wage offerings and added more incentives and perks to lure people into applying. The pay hikes and various new attractive benefit offerings are happening right now in the U.S., but it is not clear if this hiring strategy is effective or not since companies continue to announce hiring events.
In fact, Walmart made an announcement for the hiring of 20,000 workers while Amazon is looking for 50,000 new staff. The demand for workers is high since the holiday season has always been the busiest year for shoppers, and Macy’s is usually one of the most crowded places during this time.
In 2020, Macy’s seasonal hiring was low due to the pandemic, and the business was severely hit with low sales. To show that there was a big difference between the pre-pandemic, Macy’s hired around 80,000 additional workers during the 2019 holiday season.
At any rate, according to Market Watch, the department store chain revealed that around 6,800 seasonal workers who were hired last year stayed on with the company. Meanwhile, this year’s hiring will take place on Sept. 23 during the national hiring day and will be carried out in select locations, including Sacramento, California, Goodyear, Arizona, and Cheshire, Connecticut.
