Tuesday, April 29, 2025

UPS to Cut 20,000 Jobs

The fallout from U.S. President Donald Trump's trade war reverberated further through the corporate world on Tuesday, as delivery giant UPS(UPS.N), opens new tab said it would cut 20,000 jobs to lower costs ...

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UPS 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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-- CNBC (@cnbc.com) April 29, 2025 at 11:00 AM

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The fallout from U.S. President Donald Trump's trade war reverberated further through the corporate world on Tuesday, as delivery giant UPS(UPS.N), opens new tab said it would cut 20,000 jobs to lower costs, while General Motors (GM.N), opens new tab pulled its outlook and pushed its investor call to Thursday pending possible changes to trade policy.

Is everybody tired of winning yet?

#1 | Posted by reinheitsgebot at 2025-04-29 12:00 PM

Good job MAGA. I hope most of those laid off were you.

#2 | Posted by Zed at 2025-04-29 12:12 PM

Getting real now ain't it?

#3 | Posted by Corky at 2025-04-29 12:16 PM

Damn Joe Biden economy.

#4 | Posted by Zed at 2025-04-29 12:23 PM

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