UPS Q1 earnings beat estimates as company plans to cut up to 20,000 jobs amid Amazon slowdown
Tuesday, 29 April 2025 () United Parcel Service (UPS) delivered better-than-expected first-quarter earnings on Tuesday, but the positive results were accompanied by a stark announcement: the company plans to cut up to 20,000 jobs and close dozens of facilities in response to a slowdown in Amazon deliveries and broader economic uncertainty. The restructuring effort is part of a larger strategy […]
Tuesday, 29 April 2025 ()
United Parcel Service (UPS) delivered better-than-expected first-quarter earnings on Tuesday, but the positive results were accompanied by a stark announcement: the company plans to cut up to 20,000 jobs and close dozens of facilities in response to a slowdown in Amazon deliveries and broader economic uncertainty. The restructuring effort is part of a larger strategy […]