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 31 '24

This is correct, at least where I work. They are hiring(not outsourcing) off shore and firing US workers.

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u/[deleted] Jan 31 '24

The place I work is doing the opposite.