At the market
What’s going on here?
It seems every week some company is laying off more and more of its staff. Last week, Walmart announced layoffs of 200 people, Amazon said it’s cutting 9,000 jobs and Retail Dive reports more layoffs from Bed Bath & Beyond. FreightWaves’ JP Hampstead gets into the thick of it. Census Bureau numbers on seasonally unadjusted e-commerce retail sales were up 6% year over year as of Q4 2022, but remember that these numbers can benefit from...