‘A Breathtaking Constraint on Capacity’: Internal FTC Memo Announces Major Cuts Ahead of Tech Giant Action

FTC executive director David Robbins tells staff the agency will cut its case costs, freeze hiring, and lower IT spending as its resources dry up

Late last month, David Robbins, executive director of the Federal Trade Commission, sent a sullen memo to all staff. 

The agency is at the forefront of the U.S. government’s effort to check the tech giants’ imposing power. It’s examining how Amazon uses its marketplace to squeeze suppliers. And it’s poised to bring an antitrust lawsuit against Facebook a…