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According to the Wall Street Journal , Tobi Lütke , the company ’ s founder and chief executive, told staff in a memo sent last week that the layoffs are necessary as consumers resume old shopping habits and pull back on the online orders that fueled the company ’ s recent growth.

Per reporting by the Wall Street Journal , workers in the U.S. are spending more time in the office again, with occupancy rates surpassing 50% for the first time since the start of the pandemic.

FTC Sues Amazon for Antitrust As reported by the Wall Street Journal , the Federal Trade Commission and 17 states on Tuesday sued Amazon, alleging the online retailer illegally wields monopoly power that keeps prices artificially high, locks sellers into its platform and harms its rivals.

Anheuser-Busch Compensates Frontline Workers Amid Slowdown As reported by the Wall Street Journal , the maker of Bud Light said it would triple its planned U.S. marketing spending on the brand this summer and is providing financial support to frontline teams and wholesalers who have taken the brunt of the backlash to a company promotion with a transgender influencer.

The solution: According to The Wall Street Journal , the benefit at Synchrony came about after dozens of new Gen Z hires told executives they wanted access to a therapist during business hours.

Average hourly earnings rose 0.3% over the month, on par with both the prior reading and Wall Street expectations.

“It's like giving leaders a pair of X-ray glasses to see through walls biases have built, and ensure evaluations are based on objective measures of success, not misconceptions.”

Gap Plans to Cut Hundreds of Corporate Jobs Gap Inc. is eliminating hundreds of corporate jobs from its global workforce as part of a broad restructuring aimed at making the company more nimble and less bureaucratic, the Wall Street Journal reports .

“The economy will run into a wall if it can’t get any more workers, and economic growth is already slowing down to a crawl this quarter."

YouTube CEO Is Stepping Down As reported by the Wall Street Journal , Susan Wojcicki, the CEO of YouTube, revealed she plans to step down from the position after nearly a decade in the role.