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UPS expects to cut 20,000 jobs, close 73 buildings in 2025
The new report analyzed UPS’ first quarter revenue — $21.5 billion, down from $21.7 billion last year — and outlined the intent to “reduce our operational workforce” in 2025. UPS expects to eliminate 20,000 positions over the course of this year, and shutter 73 “leased and owned” buildings by the end of June.
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 ...
The firm could not provide any updates on its year-long outlook given “the current macro-economic uncertainty.” ...
Men's Journal on MSN1h
UPS Delivers Bad News Amid Amazon Spending PullbackThe company announced on April 29 that it would be laying 20,000 employees and closing 73 locations as Amazon spending slows ...
StockStory.org on MSN10h
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 ...
In 2001, UPS entered the retail shipping market by acquiring Mail Boxes Etc., Inc., then the world’s largest franchise ...
Stocktwits on MSN9h
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' ...
United Parcel Service (UPS) will eliminate 20,000 positions and shut 73 facilities as it prepares for a decline in Amazon ...
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