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politics @lemmy.world · 1 day ago

UPS to cut 20,000 jobs on likely lower Amazon shipments, profit beats estimates

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UPS to cut 20,000 jobs on likely lower Amazon shipments, profit beats estimates

vegeta@lemmy.world to

politics @lemmy.world · 1 day ago

United Parcel Service reported a first-quarter profit that beat market expectations and said it will cut 20,000 jobs as the parcel giant looks to trim costs.

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Raiderkev@lemmy.world
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1 day ago
Yes. They beat earnings estimates, but they are cutting jobs in anticipation of fewer Amazon shipments because tariffs.
- chuckleslord@lemmy.world
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  1 day ago
  Record profits! Job cuts! Capitalism, baby!
  - MDCCCLV@lemmy.ca
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    1 day ago
    This is just saying they’re using their brain to recognize that there is a coming slow down.

politics @lemmy.world

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