Walmart cancels orders worth billions as it battles overstock
Walmart announced it has canceled “billions of dollars of orders” from suppliers to control the inventory load in its stores.
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Tag: inflation
Plant-based food maker Beyond Meat will lay off four percent of its global workforce
Plant-based meat maker Beyond Meat is laying off four percent of its global workforce after a challenging second quarter.
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Robinhood cuts 23 percent of employees due to the crypto meltdown and inflation
Retail brokerage firm Robinhood is reducing 23 percent of its workforce in the second wave of layoffs amid the growing fears of recession.
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Rivian cuts 6 percent of its employees due to inflation
Rivian is laying off 6 percent of its 14,000 employees in order to cut costs in response to inflationary pressures and a volatile economy.
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Barbecue maker Weber replaces CEO and warns of layoffs due to rising inflation
The boss of barbecue maker Weber will go and staff cuts could be on the way as demand for its products continues to drop.
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