Hundreds Cut as Gap Downsizes in Face of Economic Uncertainty

Gap is eliminating hundreds of jobs from its workforce amid worries over the economy.
The layoffs are the latest in a series of workforce reductions at major companies.
Over 120 U.S. companies cut nearly 125,000 jobs last year due to declining demand and cost-cutting.
Companies across various sectors including tech, retail, and finance have announced layoffs recently.
The cuts at Gap come amid slowing sales, cost concerns and an challenging climate for many businesses.