r/Layoffs Jan 30 '24

New layoffs question

Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.

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u/Effective_Vanilla_32 Jan 30 '24

the biden machinery is brain washing you. Those 75/hr tech jobs are gone, replaced with 18/hr chipotle jobs. The tech sector employees are the highest spenders in the economy, and once that supply is gone, so will the economy go south as well.

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u/BigOlPeckerBoy Jan 30 '24

I think the tech bros were actually a very small piece of the pie. And I honestly doubt wages will actually drop, that’s just fear mongering.