Donald Trump gloats after massive Macy's job cuts

Macy's to Cut 3,000 Jobs, Close 36 Stores
Macy's to Cut 3,000 Jobs, Close 36 Stores

Real-estate tycoon Donald Trump took a mocking jab at Macy's on Thursday, a day after the department-store giant announced plans to eliminate thousands of jobs.

According to The New York Times, Macy's said it would eliminate 4,500 jobs, or 3% of its workforce, after disappointing holiday-season sales.

Trump, the Republican presidential front-runner, declared on Twitter that the company's cratering stock was "another win for Trump!"

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He also repeated a call for his supporters to boycott the "very disloyal" department store:

Trump had a high-profile feud with Macy's shortly after he launched his presidential campaign in June with a fiery campaign speech in which he accused the Mexican government of sending rapists and murderers across the border.

Macy's was among several corporations to sever financial ties with Trump amid the resulting firestorm. The store said it would phase out its Trump-branded ties, dress shirts, and "Success" fragrance.

Trump responded by calling for a boycott of the store and retweeted his supporters who said they were cutting up their Macy's credit cards.

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