US hiring is slowing sharply as erratic trade policies are paralyzing businesses and creating economic uncertainty. The Labor Department reported only 73,000 jobs were added in July by US employers, well short of the 115,000 expected. And the unemployment rate jumped to 4.2% as Americans dropped out of the labor force and the ranks of the unemployed rose by 221,000.Shiseido Americas joined the ranks of beauty conglomerates conducting layoffs as part of a business transformation to return to growth and profitability. The exact number of positions affected was not released but were described as a "wide-ranging and significant" reduction across multiple businesses, functions, and locations in the US. July saw more executive movement at P&G, Estée Lauder Companies, LVMH, Sephora, and L’Oréal.Shailesh Jejurikar, currently Chief Operating Officer of P&G, will succeed Jon Moeller as President and CEO, effective January 1. Moeller will become Executive Chairman of P&G. Jejurikar joined P&G in 1989 and has been a member of P&G’s global leadership team since 2014, holding various senior leadership roles across categories, sectors, and regions.LVMH has named Michael Burke as Chairman and CEO of LVMH Americas, a strategic new role focused on advancing the group’s interests across North and South America. Burke will oversee operations in the Americas, including beauty and personal care, and will also serve as Non-Executive Chairman of Tiffany & Co. Known for scaling Louis Vuitton and revitalizing Bulgari, his expertise in retail, brand elevation, and creative partnerships is expected to drive growth in a competitive beauty landscape.