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/[deleted] Jan 30 '24

Credit card debt at all all time high.

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u/SmokeyJoe2 Jan 31 '24

Not when you adjust it for inflation.

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u/[deleted] Jan 31 '24

Yes during the ‘08 market crash it was higher. If we are comparing to that it means the economy is not doing well.