UPS to Cut 20,000 Jobs

Tuesday, April 29, 2025

Posted by reinheitsgebot at 07:31 PM | 8 COMMENTS | permalink | Comment on This Entry |

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 | Reply | Newsworthy 1

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

#2 | Posted by Zed at 2025-04-29 12:12 PM | Reply | Newsworthy 1

Getting real now ain't it?

#3 | Posted by Corky at 2025-04-29 12:16 PM | Reply | Newsworthy 1

Damn Joe Biden economy.

#4 | Posted by Zed at 2025-04-29 12:23 PM | Reply | Funny: 1

Buy up whatever you need now. I think emptier shelves and shortages are not to far in our future.

#5 | Posted by jpw at 2025-04-30 11:11 AM | Reply | Newsworthy 1

"Buy up whatever you need now. I think emptier shelves and shortages are not to far in our future."

Sorry bro...you're proper ------.

It's not super easy for me living on a US dollar in Europe, but at least I have options. I don't think you do.

We shall see.

#6 | Posted by madbomber at 2025-04-30 04:51 PM | Reply

As convenient as it might be to blame this one on Trump, Jeff Bezos is the culprit. UPS has been bleeding money continuously since mid 2921, plot that with ANZN chart. They are inverse to one another. Recall that Amazons COVID boom financed their monopolization of the online ordering market and fleet buildout, leaving those brown trucks pretty close to empty.

My friend (UPS driver) used to carry a helper and bank overtime daily to complete his route. Now he runs three routes and finishes up early.

#7 | Posted by Miranda7 at 2025-05-01 02:29 AM | Reply

Sorry bro...you're proper ------.

I'm sure.

I'm also sure many here will be far worse off than I will be, especially those who don't have the resources to pick up necessities now while they can.

#8 | Posted by jpw at 2025-05-01 03:58 AM | Reply