Collapse Afoot? Walmart Cancels Billions Of Dollars In Orders, Amazon Shrinks Staff By 100,000

Walmart Inc. said Tuesday that it has canceled billions of dollars in orders as part of a continued effort to align inventory levels with projected demand and to reduce its exposure to certain products that have fallen out of favor with budget-conscious consumers.
Read more: https://www.freightwaves.com/news/walmart-cancels-billions-of-dollars-in-orders-to-right-size-inventory-levels

Amazon.com Inc. was one of the latest companies to discuss its belt-tightening efforts...
Read more: https://www.staradvertiser.com/2022/08/02/breaking-news/amazon-shrinks-staff-by-100000-joining-netflix-and-google-in-hiring-slowdown/

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