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UPS IS CUTTING 12K JOBS AMID DISAPPOINTING SALES OUTLOOK, COMPANY SAYS
ABC 13 - Houston ^ | 30 Jan 2024 | Chris Isidore

Posted on 01/30/2024 12:56:09 PM PST by MeganC

UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs.

The job cuts come as UPS issued a disappointing sales outlook for this year, saying it expects global revenue of between $92 billion to $94.5 billion. That would be up from the $91 billion in revenue it reported for 2023, but analysts surveyed by Refinitiv had been expecting revenue of at least $95.6 billion.

(Excerpt) Read more at abc13.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; inflation; layoffs; stockmarket; ups; upsstock
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Biden's economy is BOOMING!!
1 posted on 01/30/2024 12:56:09 PM PST by MeganC
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To: MeganC

I suspect this is partially due to all those Amazon delivery trucks you see running around these days.


2 posted on 01/30/2024 12:58:45 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: E. Pluribus Unum
Dollars to donuts you're a big, fat, loud-mouthed, bleached-blonde bimbo.

I'm right, aren't I?


Your words speak for themselves, bimbo.

Ruzzians aren’t people.

Go back to your psychotic Nazi dehumanization propaganda.

The Role of Dehumanization in the Nazi Era in Activating the Death Drive Resulting in Genocide

How Nazi propaganda dehumanized Jews to facilitate the Holocaust

Hitler’s 4-Step Process for Dehumanizing the Jews

3 posted on 01/30/2024 1:00:43 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: MeganC

Right.

The surging, soaring Bidenomics Economy will require a lot of deliveries now that thousands of retail stores and malls have closed for years now.

Unless there isn’t really a surging economy.


4 posted on 01/30/2024 1:06:46 PM PST by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
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To: E. Pluribus Unum

The Amazon delivery people are the best of all, in my area. They follow instructions and I’ve had maybe two out of hundreds of deliveries go in any way wrong.

(I wish Grubhub, Doordash, etc., could consistently do as well.)


5 posted on 01/30/2024 1:08:40 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: MeganC

Didn’t UPS go union not that long ago.


6 posted on 01/30/2024 1:08:52 PM PST by Vaduz
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To: Jamestown1630

The Amazon driver in my neighborhood keeps delivering my neighbor’s packages to us.


7 posted on 01/30/2024 1:09:32 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: E. Pluribus Unum

I haven’t had that happen.

UPS actually used to be the best around here; but it’s not anymore. I don’t know why.


8 posted on 01/30/2024 1:11:57 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: E. Pluribus Unum
I suspect this is partially due to all those Amazon delivery trucks you see running around these days.

Amazon has been closing locations for more than a year, dozens and dozens. They also stopped building many new ones.

https://www.globest.com/2023/03/03/amazon-has-shut-down-99-logistics-facilities-in-30-states/?slreturn=20240030161419
9 posted on 01/30/2024 1:15:15 PM PST by TexasGunLover
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To: Vaduz
Didn’t UPS go union not that long ago.

UPS has been unionized since 1934.
10 posted on 01/30/2024 1:16:42 PM PST by TexasGunLover
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To: MeganC

You can bet it will be “rural” routes cut. Won’t be long and Amazon will be doing the same.


11 posted on 01/30/2024 1:16:43 PM PST by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: TexasGunLover

They are building in Michigan.


12 posted on 01/30/2024 1:26:41 PM PST by madison10
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To: MeganC

Best economy ever, they said…


13 posted on 01/30/2024 1:31:43 PM PST by DoughtyOne (I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands.)
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To: Jamestown1630

I have my packages delivered to a UPS Store box.

I routinely get notifications that an Amazon driver attempted to deliver while they were closed, when I have the store hours listed in the delivery instructions.

And more than once I’ve been told they didn’t deliver because they were closed, when I know for a fact that they weren’t.


14 posted on 01/30/2024 1:38:39 PM PST by jdege
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To: MeganC

Of course, it couldn’t be that the holidays are over.


15 posted on 01/30/2024 1:46:17 PM PST by bgill
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To: E. Pluribus Unum

thats part of it.

but not all of it.


16 posted on 01/30/2024 1:50:57 PM PST by cableguymn
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To: Vaduz

been union as long as I can remember however the union did just threaten a strike for more money. (and got it)


17 posted on 01/30/2024 1:51:41 PM PST by cableguymn
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To: TexasGunLover

When they go in the business


18 posted on 01/30/2024 1:51:42 PM PST by Vaduz
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To: E. Pluribus Unum

free stuff.. I wouldn’t complain ;)


19 posted on 01/30/2024 1:52:17 PM PST by cableguymn
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To: jdege

I’m sorry. Things like that have happened to us more often with FedEx, than UPS; and never (so far) with Amazon.

But I live in an apartment building, and I’m almost always here. When I haven’t been, they’ve just left it at the door, per instructions.


20 posted on 01/30/2024 1:54:02 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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