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UPS job cuts affect 20,000 workers and close 73 stores as Amazon deliveries drop and Q1 earnings reflect the change.
Due to reduction of volume in Amazon due to uncertainty in the economy and lack of consumer confidence, the delivery company ...
Global courier UPS is cutting 20,000 jobs and automating hundreds of facilities as it tries to boost profitability in the ...
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UPS Slashing 20K Jobs As Amazon Deliveries Drop, Trump's Tariffs BiteUPS will eliminate about 20,000 jobs throughout 2025 as part of a major cost-cutting plan fueled by a decline in Amazon ...
United Parcel Service said on Tuesday it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in ...
UPS is cutting 20,000 jobs and closing some facilities as the delivery company reduces the amount of Amazon packages it ... cutting ahead of an anticipated drop in demand. The company recently ...
Amazon accounted for 11.8 percent of UPS revenue in 2024, but the latter has looked to wean off the e-commerce giant as the partnership has weighed on profit margins. For the first quarter ...
UPS sees consumer confidence and shipping volumes drop more than expected in February and March due to uncertainty ...
UPS will cut 20,000 jobs this year, about 4% of its global workforce, the company said Tuesday. But UPS added the decision is unrelated to tariffs and is instead due to increased use of technology and ...
Shares slipped 0.3% in early trading. The restructuring follows UPS's decision to drop 50% of its volume from Amazon, its largest client. UPS also cited weakening demand from China-based ...
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