50% MIP, 12k employees being cut

[PT Car Washer]

Non union but also non management jobs like clerical will probably be the first to go. PT sups are also very disposable.

Evidently not disposable enough. Still have too many with only one Union member to supervise.

 

[amazondriverdude]

Sleepy Joe recession: confirmed

 

[Just A UPS Guy]

She did also mention that the 12k would be worldwide. I'm sure the vast majority will be domestic jobs, but will at least somewhat mitigate the impact here. We have a FT on-road and 5 other PT sups to manage a small center with 33 drivers. I'm sure the model is the same in a ton of other places. We should cut 2 just in our building, no one knows what they even do.

 

[542thruNthru]

Carol! Carol! Carol! Carol!

Welcome to the real UPS bitches! I love this time of year.

 

[Just A UPS Guy]

Carol! Carol! Carol! Carol!

Welcome to the real UPS bitches! I love this time of year.

Hired so many people since 2019 that a ton of upsers haven't ever actually seen this time of year. First one in a while.

 

[I have NOT been lurking]

she didn't say how much of that 12k is management, but presumably a bunch of people will get cut (most likely on road, this has been the plan for literally years)

she blames our revenue, which is down over LY sure but it's still beating pre-COVID which is the true measure of things

tl;dr is "we overstaffed for what we thought would be the new normal in the [strongest economy in history], whoopsie doopsie that wasn't true, you're fired thanks for your service"

 

[over9five]

I love the term "right size the company" instead of the more truthful "downsize the company".

All the good news for future growth doesn't include package delivery....

 

[catstalking]

Just curious how many management people do we have in the company roughly

it's 90k, so a 13% or 1/7.5 reduction

 

[catstalking]

I wonder if the OMS’s and Non Union Office Specialist are part of the 12 K targeted?

Or is it a given, low ..

i'm sure a part, but they're more useful than on roads so that would be a mistake

 

[catstalking]

Did we lose any money? Or we just made less? LOL....
Maybe we should cut the company size to half and be a startup again. Open grocery/retail stores.

we never lose money, we made less than the 2020-2023 COVID years, but more than 2019 pre-COVID

 

[Brown Down]

it's 90k, so a 13% or 1/7.5 reduction

That's a pretty big percentage. Thanks for the info

 

[Pullman Brown]

we never lose money, we made less than the 2020-2023 COVID years, but more than 2019 pre-COVID

So this is more about Wall Street expectations resetting and the company??

 

[catstalking]

So this is more about Wall Street expectations resetting ??

what did you expect from a former Fed banker?

 

[Pullman Brown]

we never lose money, we made less than the 2020-2023 COVID years, but more than 2019 pre-COVID

This is why journalism can’t be trusted.

 

[anonymous23456]

Thank joe biden

and Fffffff-inggggg those people who voted for him.

 

[Pullman Brown]

what did you expect from a former Fed banker?

I expect this FFB to buy a lot of UPS stock.

 

[IVE GOTTA PACKAGE 4U]

So this is more about Wall Street expectations resetting and the company??

Don't worry they raise the dividend by a penny

 

[Pullman Brown]

what did you expect from a former Fed banker?

Where is she to blame in all this? The decision to hold out on a contract agreement earlier then later? Or is that irrelevant?

 

[anonymous23456]

Where is she to blame in all this? The decision to hold out on a contract agreement earlier then later? Or is that irrelevant?

She is not to blame. The country is to blame. Everyone wants cheap stuff and high salary. We outsourced jobs and imported cheap workers (H1B) and illegals. This is nothing. Wait until we "reset" the country with civil war.

If Americans have balls, we would have had general strike shutting down the country and hold all Wall Street and politicians accountable.

 

[IVE GOTTA PACKAGE 4U]

Where is she to blame in all this? The decision to hold out on a contract agreement earlier then later? Or is that irrelevant?

I think both sides are to blame