BusinessPolicy

Retail Industry Faces Mounting Pressure as Tariff Impacts Loom Over Holiday Season

Corporate leaders remain silent amid escalating trade tensions, according to industry experts. The holiday shopping season is expected to reveal the full impact of tariff burdens on consumer goods and retail operations.

Corporate Silence on Tariffs Draws Criticism

Retail executives across corporate America are reportedly avoiding public criticism of ongoing trade policies due to fears of retaliation, according to industry analysis. Mark Cohen, former CEO of Sears Canada and current director of retail studies at Columbia Business School, characterized this silence as “a form of cowardice” in recent comments to Fortune.

AIBusiness

Amazon Workforce Reductions Continue as Company Shifts Billions Toward AI Infrastructure

Amazon is reportedly preparing another significant round of layoffs, potentially affecting 15% of its HR department. This continues a trend of workforce reductions as the company redirects spending toward AI development and data center expansion.

Amazon Workforce Reductions Continue Amid AI Investment Push

Amazon workers could face additional significant layoffs with approximately 15% of the company’s human resources department potentially affected, according to reports from Fortune. Sources indicate that the People eXperience Technology team, which serves as Amazon’s HR division, is expected to be the most heavily impacted, though other consumer-facing business units may also see reductions.