Detaching from Amazon triggered another slide in the package delivery giant’s battered stock, which is heavily owned by UPS lifers.

This follows the discontinuation of the day sort shift in mid-April of last year when over 300 UPS part-timers were laid off ...

rather than layoffs. But, unfortunately for the UPS employees affected by the job cuts, leadership appears to have found new cost-saving ways to conduct business. “It’s a change in the way we ...

Now comes the rest of the story, and it isn’t pretty. UPS shares plunged Thursday 14.1% after it announced workforce and delivery reductions. Workers who lose their jobs can thank Mr. O’Brien.

The UPS layoffs will affect 14% of the company's 85,000 managers and could save the company $1 billion in 2024, UPS CEO Carol Tomé said during a January earnings call. Announced in late January ...

UPS is temporarily closing a package processing ... along with last year’s layoffs of 12,000 employees. Then-chief financial officer Brian Newman said at the time that the company did not ...

We predict UPS stock will continue downward trend in 2025 despite cost-cutting measures, with the potential for sentiment ...

Technology companies are certainly not alone, as evidenced by package delivery giant United Parcel Service Inc. (ticker: UPS) announcing some 12,000 layoffs to start 2024. But tech stocks were ...