Nardelli Warns of Gloomy Economic Outlook Amid Rising Layoffs

Former Home Depot CEO Bob Nardelli warns the US economy is not recovering fast, with high inflation and more layoffs coming
Over 80,000 job cuts were announced by US companies in January, a 136% increase over December
Layoffs happening across multiple industries like tech, retail, auto as companies tighten belts amid economic uncertainty
Nardelli predicts no "soft landing" for the economy and says interest rate hikes are "killing" small and mid-sized companies
Blames current administration for unchecked spending and lack of sustainable economic policies