– Economics 101: Wal-Mart Hikes Minimum Wages, Prepares To Fire 1000 (ZeroHedge, July 31, 2015):
“Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help.”
The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.
The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron Smith himself via e-mail.