Part 7/11:
Economic Uncertainty: Persistent inflation, shifting tariffs, and global geopolitical tensions create an unclear economic outlook. Tariffs, in particular, influence supply chains and increase operational costs, prompting companies to reconsider their hiring strategies.
Store Closures and Restructuring: Retailers are undergoing restructuring, leading to tens of thousands of layoffs associated with store closures, bankruptcies, and operational shifts. These measures are responses to declining foot traffic and changing consumer preferences.