Morning Report: Walmart cuts e-commerce jobs as inflation ramps up
The shift that retailers are preparing for
Walmart is laying off hundreds of employees at e-commerce fulfillment centers across the country. The big-box giant joins a growing list of retailers, including Amazon and Target, that are cutting costs. Many retailers anticipate flat or declining sales as inflation hits spending. Despite inflation, restaurants in America are expecting to see a growing number of delivery and takeout orders for…