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Plus: Quirky Alternative Measures To Track The Economy | Starbucks Offers A Flat-Rate Raise | Canada Air To Restore Flights As Strike Ends

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U.S. companies announced a record $166 billion in share buybacks last month, the highest dollar amount ever recorded in July. And such buybacks are well ahead of the previous year-to-date record set in 2022, according to Bloomberg

Companies repurchase their shares for a variety of reasons: to increase share prices, use up cash and even boost employee morale. But the main goal is typically to increase shareholder value. Just today, grocery chain Sprouts announced that its board of directors approved a new $1 billion share repurchase program. 

In buyback cases where employees also own a piece of the pie, their shares will also be worth more, though some companies will use this strategy to offset dilution of employee-owned shares. 

Typical in tech companies and early-stage startups, employee stock purchase programs (ESOPs) allow workers to be compensated in their employer’s stock. And there are a number of different types of ESOPs, as contributor Mary Josephs describes in her recent story. It can be an attractive option for employees joining companies with high potential for growth. 

But there are risks, even if the company’s stock price is poised to increase as employers buy the outstanding shares. Some banks charge high fees for the sale of single stocks, even if you are the one handling the trades, writes contributor Cicely Jones. Then there are capital gains taxes you’ll have to pay, which are discounted based on how long you’ve held the stock. And of course, there are risks if you do not have a diversified investment portfolio. 

More on employee compensation news in today’s newsletter. Happy reading, and hope you have a lovely week!

Maria Gracia Santillana Linares  Careers Reporter

Follow me on LinkedIn and Forbes.com

WORK SMARTER
Practical insights and advice from Forbes staff and contributors to help you succeed in your job, accelerate your career and lead smarter.

These are the five AI jobs you can land without any coding experience. 

Beyond AI, leadership and content creation are high-income skills that you can learn—for free. 

College graduates: Here’s how you can break into crypto and AI careers. 

TOUCH BASE
News from the world of work.

Distrust of institutions is increasing, and after this month’s firing of Bureau of Labor Statistics commissioner Erika McEntarfer, economists, analysts and business owners are worried that President Donald Trump’s appointee could skew the data. Forbes’ Brandon Kochkodin reports on 11 alternative measures to track the economy’s temperature, from skirt lengths to satellite images. Some are quirky, some make sense, but all should be taken with a grain of salt.  

Air Canada resumed flights today after reaching a tentative agreement with its unionized flight attendantsNeither union representatives or the airline disclosed terms of the new agreement

New York City companies essentially stopped hiring in the first half of 2025, according to New York Times report. Fewer than 1,000 private jobs were added in the city this year, as industries like finance, insurance, hospitality and retail have shed jobs. 

Human resources software giant Workday confirmed last week that it was hit by a data breach in its customer relationship management database, including “commonly available” names, email addresses and phone numbers of business contacts. 

NUMBER TO NOTE

2%

That’s the standard raise all salaried employees at Starbucks will receive this year, according to the company. 

 
VIDEO
QUIZ
Which of the following is a sign that your team’s top performers are quietly leaving?
A.They become less visible 
B.They pull back from team mentoring
C.Their social connections wane
D.All of the above
Check if you got it right here.
BEYOND THE NEWSROOM
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