UPS to cut 20,000 jobs on reduced Amazon deliveries, as US tariffs weigh

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai
United Parcel Service on Tuesday said it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in deliveries for Amazon.com, and as U.S. President Donald Trump's tariffs roil global trade.

A UPS spokesman said the layoffs are due to shedding 50% of shipping volume from Amazon.com, its largest customer, as well as ongoing cost-cutting and efficiency projects under a major operational restructuring.

An Amazon spokesperson said, “Due to their operational needs, UPS requested a reduction in volume and we certainly respect their decision."

 
Guno צְבִי said:
United Parcel Service on Tuesday said it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in deliveries for Amazon.com, and as U.S. President Donald Trump's tariffs roil global trade.

A UPS spokesman said the layoffs are due to shedding 50% of shipping volume from Amazon.com, its largest customer, as well as ongoing cost-cutting and efficiency projects under a major operational restructuring.

An Amazon spokesperson said, “Due to their operational needs, UPS requested a reduction in volume and we certainly respect their decision."

Click to expand...
Strange. Around here all Amazon deliveries are made by Amazon. Same in deep East Texas where our family farm is. Are you sure UPS isn't down sizing because Amazon is doing their own deliveries?
 
The move comes as Trump's aggressive trade policies have begun slowing economic growth and increasing expectations for a possible recession.

"The world hasn't been faced with such enormous potential impacts to trade in more than 100 years," CEO Carol Tome said on the company's earnings call.

As the world's largest parcel delivery firm, UPS touches a broad swath of industries and is seen as a gauge for the global economy. FedEx, its top rival, signaled a slowdown in March.
 
Guno צְבִי said:
United Parcel Service on Tuesday said it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in deliveries for Amazon.com, and as U.S. President Donald Trump's tariffs roil global trade.

A UPS spokesman said the layoffs are due to shedding 50% of shipping volume from Amazon.com, its largest customer, as well as ongoing cost-cutting and efficiency projects under a major operational restructuring.

An Amazon spokesperson said, “Due to their operational needs, UPS requested a reduction in volume and we certainly respect their decision."

Click to expand...
View: https://www.instagram.com/reel/DJCGicxypv9/?igsh=MTJhbGNsZmxsdTU5dA==
 
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