Target slashes bonuses, Walmart holds the eggs, and cheaper Wegovy: Business news roundup
Image: Justin Sullivan (Getty Images), Mario Tama / Staff (Getty Images), Scott Olson / Staff (Getty Images), Scott Olson (Getty Images), Photo: Julia Demaree Nikhinson/Pool (Getty Images), Jason Miller / Stringer (Getty Images), Scott Olson (Getty Images), Win McNamee (Getty Images)A Target in Albany, California. Image: Justin Sullivan (Getty Images)Target has announced it will reduce bonuses for salaried employees due to weak consumer spending and inflationary pressures.
Bloomberg, citing sources with knowledge of the situation, said employees will receive 87% of their eligible 2024 bonuses, a sharp decline from the previous year, when workers received 100% of their bonuses, with some even seeing their payouts double.
Read MoreIn this photo illustration, boxes of the diabetes drug Ozempic rest on a pharmacy counter on April 17, 2023 in Los Angeles, California.Image: Mario Tama / Staff...