Hello CEO,

While you were busy growing your empire…

1. “Funflation” On The Rise

Best Buy’s CEO is blaming what he calls “funflation” for the brand’s recent slump. Right now consumers are prioritizing entertaining experiences over at-home entertainment products like TVs. For example, Tayor Swift’s Era’s Tour and the Barbie movie hype… Read more here.

2. Layoffs Abound!

What do LinkedIn, Amazon, Dropbox, Lyft, and Deloitte have in common? They’ve all had layoffs sizable, along with dozens of other companies. Tech and Wall Street have been especially affected due to being more sensitive to borrowing costs. Here’s a rundown of some recent rounds of layoffs… Read more here.

3. AI Agents Are Here

AI bots have been transformed into something with bigger implications: AI agents. More than just chatting, these agents can use websites and apps, including spreadsheets and calendars. And they could transform the workforce… Read more here.

4. Gen Z Is Staying In

According to a new Bank of America survey, Gen Z has a tight hold on their wallets. They’re shopping less, eating out less, and finding other ways to cut back on spending. Will they stay true to the urge to save for the holidays?.. Read more here.

5. WFM Is Dwindling

Work-from-home rates have dropped to a pandemic-era low of just 26%. More and more employers are pushing their employees back to the office as remote work has been blamed for dwindling profits and suffering metro areas. Yet, job seekers are still keen on remote work… Read more here.

Produced by: @MarketingMax
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Thanks for being an important part of my journey 🙂 

Frud