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.
No directive for profits or long term competitiveness, just share price. The whole system is just a big casino following social trends rather than any core fundamental goal to drive society towards better and less expensive services.
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
8 Comments
its_kim_love@lemmy.blahaj.zone · 36 pts · 314d
Just in time for Christmas.
KentNavalesi@mstdn.social · 3 pts · 314d
@its_kim_love @return2ozma
We need some real movement politics, and quick.
avidamoeba@lemmy.ca · 29 pts · 314d
Zaktor@sopuli.xyz · 28 pts · 314d
No directive for profits or long term competitiveness, just share price. The whole system is just a big casino following social trends rather than any core fundamental goal to drive society towards better and less expensive services.
apfelwoiSchoppen@lemmy.world · 17 pts · 314d
Fucking ghoul stockholders.
Agrajag@scribe.disroot.org · 16 pts · 314d
I would be curious to know what percentage of the 34,000 chose not to join the union
Tylerdurdon@lemmy.world · 15 pts · 314d
Say it with me everyone:
Not a recession!
If you say it over and over, it must be true!
arcterus@piefed.blahaj.zone · 14 pts · 314d
Yes, the economy is clearly doing well, thank you Orange Man.