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UPS to cut 20,000 jobs. Here’s why.
The United Parcel Service (UPS) announced Tuesday that it’s planning to cut 20,000 jobs this year. According to a regulatory filing from UPS, the cuts are connected to its “anticipation of lower volumes” from its largest customer. CBS is reporting that the customer is Amazon.
We recently published a list of 11 Worst-Performing Blue Chip Stocks So Far in 2025. In this article, we are going to take a ...
StockStory.org on MSN12h
United Parcel Service (NYSE:UPS) Exceeds Q1 ExpectationsParcel delivery company UPS (NYSE:UPS) reported Q1 CY2025 results , but sales were flat year on year at $21.5 billion. Its ...
The firm could not provide any updates on its year-long outlook given “the current macro-economic uncertainty.” ...
United Parcel Service Inc. backed away from its full-year financial guidance as President Donald Trump’s tariffs pose new ...
United Parcel Service said it’s cutting 20,000 positions this year and it declined to update its outlook for the year due to ...
In 2001, UPS entered the retail shipping market by acquiring Mail Boxes Etc., Inc., then the world’s largest franchise ...
Stocktwits on MSN11h
UPS Q1 2025 Earnings Beat Estimates: Parcel Giant To Cut Costs Through Layoffs, Building Closures Through 2025Parcel giant United Parcel Service (UPS) on Tuesday held back from providing updates on its full-year outlook in light of ...
Shares of United Parcel Service surged in premarket Tuesday after the shipping giant's first-quarter results topped analysts' ...
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