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Shopify to Lay Off 10% of Workers in Broad Shake-Up

Shopify Inc. SHOP -16.52% is cutting roughly 1,000 workers, or 10% of its global workforce, rolling back a bet on e-commerce growth the technology company made during the pandemic, according to an internal memo. Tobi Lütke, the company’s founder and chief executive, told staff in a memo sent Tuesday that the layoffs are necessary as consumers resume old shopping habits and pull back on the online orders…

Cruise-Line Pricing Is Lost at Sea

Even if you vowed never to cruise again after Covid-19, there might just be a price to tempt you. Mass-market cruise lines need you to bite. Amid sky-high hotel prices, the best deals in lodging this summer are at sea level—literally. Cruise-review site Cruise Critic noted pricing for summer cruises is currently as low as it has been since the sector’s 2021 restart. The current average cost of a five-night Caribbean cruise begins at $100 a day, according to Cruise Critic, including…

Armstrong Flooring Files for Bankruptcy as Higher Costs Outpace Ability to Raise Prices

Armstrong Flooring Inc., a publicly traded manufacturer founded in 1860, has filed for bankruptcy, saying it couldn’t raise prices enough to counter supply-chain disruptions and higher costs for materials and transportation. The Lancaster, Pa.-based company, along with subsidiaries AFI Licensing LLC, Armstrong Flooring Latin America Inc. and Armstrong Flooring Canada Ltd., filed for chapter 11 protection Sunday in the U.S. Bankruptcy Court in Wilmington, Del. In November, Armstrong warned about…