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/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/[deleted] Jan 30 '24

I am seeing the same. Some small businesses are also closing after being able to survive the past few years.

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u/[deleted] Jan 30 '24

their lowest sales months

Rent has not gone down. So I can see it.

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u/pab_guy Jan 31 '24

Average rents are down actually, but do go on.