Tech Firms Keep Laying Off Workers. Is Fashion Next?

Big Tech has already laid off globally over 100,000 employees this year, according to Layoffs.fyi, with Chinese media giant Tencent and buy-now-pay-later company Affirm among the latest to cut staff.

Fears that cuts at Microsoft and Amazon would lead to job losses in the wider economy have so far proven unfounded. Despite warnings signs that the economy is headed for a period of slow growth, or even recession, the US unemployment rate fell to…