"14,000 roles primarily in management, alongside around 34,000 cuts within its operational workforce”
This should bode well going into the package shipping season. But hey, at least the stock price went up after the announcement.
Gutting companies is great business for wall street “investors”
Sir, this is a casino.
Don’t worry. With the tariffs, shelves will probably be empty enough that it won’t matter.
Not too mention people holding their cash and toning down holidays massively, like my family is doing.
“I do not see coincidence, I see providence!”
They’ll just hire back a bunch of “seasonal” workers with no benefita.
Is this one “due to AI”, too, like the one at Amazon?
This, just before Christmas, is not a good sign. Consumers have run out of “disposable income”, whatever that is. Car payment delinquencies are up, too. Remember, the stock market is not the economy.
Hard to feel sorry when so much of their union voted for Trump. What goes around…
I worked for ups for about 3 months before they laid off our entire shift. I already knew it was coming, more than half of what I did was unload trucks in Ohio that had been loaded in Texas and reload them for either Georgia or Kentucky. They eventually just started routing them all to the station in Kentucky, where they were already driving within 25 miles of to get to me in Ohio.
Just in time for the holidays.
22b in revenue so far in 2025
Saving 3.5b by years end
Profits at all cost?
Yeah you can thank the Dodge brothers for that.
I thought UPS was unionized? I guess it’s only in name only?
i see more amazon vans than ups trucks nowadays
Amazon is its own thing. It’s not really a shipping company. And they’ve had their own layoff issues. Consumers spending less affects everyone.
According to their last earnings, domestic margins were down due to decreased spending. International margins were up due to increased spending. They might be seeing further decrease in domestic spending coming into the holiday season.
We need to bring back Canada Post by supporting the striking workers!
$2.2 BILLION savings! Now they can afford to pay the robots.
Wait until they start running other services as if they’re businesses. You can talk about the days when some roads weren’t toll roads.
This is UPS, a private business, not USPS, a weird Frankenstein creation that’s kind of a business and kind of a government service.
This is an environmental initiative then innit? Good on ya Bezos
