Walmart announced hundreds of layoffs yesterday.

But remember that the company has been hiking prices and raking in big profits.

Its share prices hit a record high in March.

The Walton family's net worth reached $267 billion this year.

Textbook corporate greed.

@rbreich During the pandemic I started to buy cat food at Walmart. I am no fan of the place, but it was the only store that reliably had the food I needed.
This year we lost 2 supermarkets in my neighborhood, so I am back to Walmart. I don't buy pet supplies online for environmental reasons, so I feel stuck.