This is Wild:
• Earlier this year, UPS planned 20,000 job cuts and to close 73 facilities by June.• Fast-forward , it’s now 34,000 jobs gone and daily operations shut down at 93 leased and owned buildings in 2025.• UPS just posted record profits, expects Q4 revenue near $24B, and has already saved $2.2B this year.• The company projects $3.5B in total cost savings for 2025 translation: more job cuts are coming.• The cuts to its operational workforce, including drivers and package handlers, are up 70% from the original target.• Once again, the working class pays the price while profits hit new highs.• Expect more companies to follow this playbook in 2025 and beyond.• Everything is fine though because the stock’s up over 12% in premarket.Source: StockMarket.News
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments