“Less than 20% will be laid off....

“Less than 20% will be laid off. In our opinion, that’s a large number of people. We worry about it, but it’s not 1,000 or 800 or 600.”

--Edward S. Finkelstein, chairman of R. H. Macy & Co., commenting on reports of imminent layoffs at Bullock’s, which Macy is acquiring.