The company said its streamlining efforts have resulted in roughly $2.2 billion in cost savings in 2025.
  • Avid Amoeba@lemmy.ca
    29·
    4 days ago

    UPS said the layoffs were part of a broader effort to cut costs and reshape the company to better adapt to shifting market dynamics, as executives face pressure to stem a long-term decline in the share price, which has fallen by more than 20 percent this year.

    UPS shares rose following Tuesday’s release, and were up over 7 percent at the time of writing.

    • Zaktor@sopuli.xyzEnglish
      28·
      4 days ago

      No directive for profits or long term competitiveness, just share price. The whole system is just a big casino following social trends rather than any core fundamental goal to drive society towards better and less expensive services.

  • Agrajag@scribe.disroot.orgEnglish
    16·
    4 days ago

    The Atlanta-based company said the reductions comprised 14,000 roles primarily in management, alongside around 34,000 cuts within its “operational workforce”—employees involved in its day-to-day logistics and delivery services.

    I would be curious to know what percentage of the 34,000 chose not to join the union