Some CEOs are cutting staff even as the job market booms

N MANY WAYS, THE U.S. ECONOMY LOOKS VERY STRONG, having added 528,000 jobs in July, according to official figures published on Aug. 5—almost double what analysts had expected. The unemployment rate dropped to 3.5%—it hasn’t been lower in half a century. And consumers are still opening their wallets—retail spending in July increased 11.2% over the previous year, according to the Mastercard SpendingPulse, which measures in-store and online retail sales across all forms