Macy's Severance Package in New York 2026

The numbers for a typical Macy's employee in New York

Typical formula

2 weeks per year for corporate; store closing packages vary

Average annual salary

$60,000

Example: 16-week gross

$18,462

New York state withholding

11.7%

Federal supplemental

22.0%

Combined withholding

33.7%

Net take-home (16-week example, before FICA)

$12,240

Worked example uses Macy's's average salary of $60,000 and a 16-week severance period. Your actual package depends on tenure, role level, and the specific terms of your separation agreement. Use the calculator below for your personal numbers.

New York-specific protections for Macy's employees

Negotiation angles at Macy's

• ·Store closures can trigger federal WARN Act notice duties for employers with 100+ full-time employees; whether the 60-day notice or pay-in-lieu applies to a given closure is worth checking with an employment attorney
• ·Push for extended employee discount especially during job search (for interview outfits)
• ·Negotiate for outplacement services focused on retail management roles
• ·Ask for PTO payout if your state doesn't mandate it

Common questions

What is Macy's's typical severance package in New York?

Macy's typically offers 2 weeks per year for corporate; store closing packages vary as the base severance package. New York adds 11.7% state income tax on top of the federal 22% supplemental withholding, for a combined withholding of 33.7% on the gross severance amount.

How is Macy's severance taxed in New York?

Severance is treated as supplemental wages under IRS Publication 15-A. Federal withholding is a flat 22% (37% on amounts above $1 million in a calendar year). New York adds a state supplemental rate of approximately 11.7%. The combined withholding is approximately 33.7%, plus FICA (6.2% Social Security up to the wage base + 1.45% Medicare). The withheld amount is reconciled at tax-filing time against the year's total income.

Does New York require minimum severance from Macy's?

No. New York does not require employers to pay severance; it remains a matter of company policy or individual contract. However, the federal WARN Act and New York's mini-WARN provisions may require advance notice or pay-in-lieu for mass layoffs. New York requires 90 days notice (vs 60 federal) for layoffs affecting 25+ employees (33%+ of workforce) or 250+ employees.

Can I negotiate severance from Macy's if I'm based in New York?

Yes. Macy's's standard formula is largely fixed, but peripheral terms (extended healthcare coverage, accelerated equity vesting, non-compete narrowing, outplacement upgrades, release-of-claims scope) are typically negotiable. New York has enhanced WARN Act requirements (90-day notice vs federal 60-day), which can be a negotiation lever. Consider consulting an employment attorney licensed in New York before signing.

What's the take-home from Macy's severance in New York?

For a typical mid-tier Macy's employee earning around $60,000 annually, a 16-week severance comes to approximately $18,462 gross. After federal supplemental withholding (22%) and New York state withholding (11.7%), the net take-home is approximately $12,240, before FICA. Tax is reconciled at filing time against the year's total income, so actual final tax may be higher or lower than the supplemental withholding.