Two things cited in the article: reduced consumer demand (cutting back) and a looming expectation of a recession.
https://www.msn.com/en-us/money/com...p&cvid=875e0831bd974fa0a3483b9bb16f6c20&ei=60
I just read that this morning. It notes many more companies who are going to lay off workers. We are well into the PLANNED TAKEDOWN of our economy and therefore, country. Be alert, but not fooled with what they have coming next. Blessings to everyone!