Macy’s is laying off hundreds of workers at its San Francisco technology division, consolidating its tech operations in Atlanta and New York City.
A Macy's mall-based department store location. The move is part of a larger corporate restructuring that is expected to be announced by the retailer during its annual investor conference in New York Wednesday.
In a letter to California’s Employment Development Department Monday obtained by Bisnow, Macy’s Vice President of Human Resources Shamika Lackey informed the agency that it intended to lay off 831 technology division workers between April and August of this year, including 24 software engineering managers, 74 software engineers, 91 senior software engineers and 45 software technical leads.
Macy's San Francisco operations have been based in 680 Folsom St., a 469K SF tower in San Francisco’s South of Market District owned by Boston Properties.
While the layoffs are bad news for San Francisco, the decision appears to be good news for the Metro Atlanta market. Macy’s is leasing 105K SF at a newly constructed, timber-framed office building known as Hines’ T3 West Midtown project. Macy’s told San Francisco employees they would be able to apply to open jobs in Atlanta and New York.