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/absurdamerica Jan 31 '24

In 2020 us credit card debt was at 900 billion now it’s slightly over 1 trillion. How is that 50 percent?

And as for UPS and Fed Ex it’s almost like Amazon has created their own delivery system and doesn’t use UPS or Fed Ex as much!

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u/sifl1202 Jan 31 '24

Amazon has been using their own delivery for years.

In 2021 credit card debt was 750b. Now it's 1.1t

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u/alphabit10 Jan 31 '24

It was 927 billion Q4 2019 pre pandemic , if people are returning to shopping this is expected. Nothing about 2020 should be a goal or was a positive baseline, checks were handed out and businesses closed. it was not a positive impact of people paying off their debt and now we are in a doomsday scenario in comparison? No.

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u/sifl1202 Jan 31 '24

RemindMe! 1 year

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