Just in time for Christmas.

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.

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

Say it with me everyone:

Not a recession!

If you say it over and over, it must be true!

Yes, the economy is clearly doing well, thank you Orange Man.

"14,000 roles primarily in management, alongside around 34,000 cuts within its operational workforce”

This should bode well going into the package shipping season. But hey, at least the stock price went up after the announcement.

Hard to feel sorry when so much of their union voted for Trump. What goes around...

Is this one "due to AI", too, like the one at Amazon?

This, just before Christmas, is not a good sign. Consumers have run out of "disposable income", whatever that is. Car payment delinquencies are up, too. Remember, the stock market is not the economy.

I worked for ups for about 3 months before they laid off our entire shift. I already knew it was coming, more than half of what I did was unload trucks in Ohio that had been loaded in Texas and reload them for either Georgia or Kentucky. They eventually just started routing them all to the station in Kentucky, where they were already driving within 25 miles of to get to me in Ohio.

22b in revenue so far in 2025

Saving 3.5b by years end

Profits at all cost?

i see more amazon vans than ups trucks nowadays

Just in time for the holidays.

According to their last earnings, domestic margins were down due to decreased spending. International margins were up due to increased spending. They might be seeing further decrease in domestic spending coming into the holiday season.

We need to bring back Canada Post by supporting the striking workers!

$2.2 BILLION savings! Now they can afford to pay the robots.

I thought UPS was unionized? I guess it’s only in name only?

Wait until they start running other services as if they're businesses. You can talk about the days when some roads weren't toll roads.