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[–] 27 points 1 year ago* (last edited 1 year ago) (2 children)

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.

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  • [–] 29 points 1 year 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.

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