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UPS Cuts 20,000 Jobs, Closes Centers as Amazon Delivery Volume Drops
UPS announced Tuesday that it will eliminate 20,000 jobs and shut down 73 buildings in the US by the end of June, as the company continues reducing the volume of packages it handles for Amazon. The decision is part of a broader plan to streamline operations and lower costs amid changing business conditions.
The company announced that it will be reducing its workforce by around 20,000 positions in 2025, while closing over 70 ...
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 ...
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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 ...
Shares of United Parcel Service surged in premarket Tuesday after the shipping giant's first-quarter results topped analysts' ...
The firm could not provide any updates on its year-long outlook given “the current macro-economic uncertainty.” ...
In 2001, UPS entered the retail shipping market by acquiring Mail Boxes Etc., Inc., then the world’s largest franchise ...
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