Former Walmart CEO Bill Simon warned that corporate layoffs might have a significant impact on the U.S. economy in the near future.
“It’s crazy right now. We’re stuck in this loop of wage inflation, product inflation, and cost inflation. And it’s just that cycle keeps going. And I think, unfortunately, an inevitable byproduct of some of the Fed’s moves and as the necessary medicine we have to take to kind of cool things down and get the inflation back under control on some of these layoffs that are coming,” Bill Simon, the former CEO of the Arkansas-based retailer, told Fox Business on Sunday….