This doesn’t cover the 18,000 job cuts in Amazon alone.
The retail sector follows big tech as layoffs reduce the turnover of capital and personal spending. 馃搲
David’s Bridal, one of the largest wedding businesses, filed for bankruptcy – with nearly 10,000 employees affected.
Zappos, known for its online-first model, had to cut 300 jobs as well.
We’re still early in Q2 and the job market looks gloomy. 馃寬
Smaller, more resilient digital businesses with lower operating expenses branch out to Shopify, Amazon, or WooCommerce stores, keeping COGS attainable and day-to-day manageable.
What other businesses got affected by the recession?
And dropshippers in my network – what niches still attract customers?
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