Business ❯Corporate Strategy ❯Cost-Cutting Measures ❯Job Reductions

UPS

UPS to Cut 20,000 Jobs and Close 73 Facilities in Major Restructuring

Facing declining Amazon shipments and economic uncertainty, UPS aims to save $3.5 billion by reconfiguring its network and reducing costs.

UPS Shares Plunge After Missing Earnings Estimates and Cutting Guidance