Welcome back! In case you missed it, our new newsletter, Tech Memo, written by the great Alistair Barr, launched on Friday. Check out the first edition here. And if you aren't already, subscribe here. In today's big story, we're looking at Big Tech's obsession with cutting out middle managers and flattening their orgs. Markets: When companies like Facebook and Zillow IPO, they turn to this man Tech: How one of the hottest coding startups almost died. Business: Gen Z is turning to blue-collar jobs. But first ...