Heavily political + toxic work environment = high turnover rate
Pros
It's in NYC which means you can search for other jobs.
Cons
Be careful. This place has an extremely high turnover rate. Never have I seen so many goodbye emails in 1 year! On my first week I witnessed over 10 resignations! They say a toxic work environment usually has high turnover. This is true. Most people usually stay a year. The others stick around hoping for a promotion which in the end doesn't match up to industry standards in terms of compensation. It is a myth that only companies with poor performance are toxic. This company boasts record breaking profits where employees are expected to work and cheer for themselves tirelessly, but do not see any recognition or reward from it, especially in the form of raises or bonuses. Most benefits, including bonuses are only available to director level and above. Macy's is notorious for its low pay across the board, whether for store associates or corporate employees. They keep the morale going through "magic", celebrity appeal, brand familiarity, etc. (similar to Disney), but beyond all the smoke and mirrors, looking from the inside, there's a lot more that meets the eye. Cannot work remotely as easily as other tech companies because of security reasons. The NY office is heavily political, cliquish, with many a promotion stemming from favoritism. And little to no transparency within teams as members are silently urged to compete with one other. Something is very wrong, morale is not consistent or stable, and social activities are rare. All of this may stem from top management that focuses exclusively on profits like 50,60,70% growth in each respective year. The team works tirelessly to deliver those results, but the negative effects are devastating.