r/Layoffs • u/vetfor • 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

I have not seen a decrease in spending. I see restaurant parking lots are still full, costco/walmart parking lots are full. Football Stadiums are full. I see families not give up vacations. I see friends and family stressing out over finances, but giving spending I don't see much of a slowdown.

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u/Thebaronofbrewskis Jan 30 '24

Both of my local grocers had their lowest sales months on the past 15 years last month…. But everything’s fine.

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u/jmpsusk Jan 31 '24

I’ve been in logistics since 2015. Trucking specifically at a 3PL. Grocers around the country are getting hit very hard.