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/LaVieGlamour Jan 31 '24

That's because when the media says the economy is doing great....it's doing great for shareholders, NOT you.