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4/30/2025 8:38:58 AM
 
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Section 4: President & Congress Subject: UPS Lays off 20,000 Msg# 1224551
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Some reports tell a different story
Headline: UPS is cutting 20,000 jobs. It’s not what you think Click Here "UPS will cut 20,000 jobs this year, about 4% of its global workforce, the company said Tuesday. But UPS added the decision is unrelated to tariffs and is instead due to increased use of technology and a previously announced plan to trim its Amazon business." UPS did see some effects from Trump’s broad tariffs of 10% on most imports, though, especially the 145% tariffs on Chinese imports. But the company is still uncertain about the ultimate effects. Different slants in the UPS story, from the earlier posting.
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For reference, the above message is a reply to a message where: United Parcel Service (UPS) said Tuesday that it will cut about 20,000 jobs and shutter 73 of its facilities as the logistics giant cuts costs amid a move to reduce shipping volumes from its largest customer, Amazon, and broader economic uncertainty due to Trump tariffs. |
