• CNBC reports that Macy's plans to cut three percent of its workforce as a way of saving $365 million.
The cuts will take place at corporate, in stores, and in its supply chain and customer support networks.
The cuts are seen as one way to deal with the results of the pandemic, which closed down Macy's bricks-and-mortar stores for months.
• Chuck E. Cheese parent CEC Entertainment filed for Chapter 11 bankruptcy protection this week, saying it will use the moment to negotiate with financial stakeholders and landlords to find a path to a strategic restructuring that will allow the business to survive in a post-pandemic world.
They might want to start by serving better pizza.
