Over70irregs
Well-Known Member
Amazon Reportedly Preparing For Large-Scale Layoffs
AMZN stock fell Monday on reports it is planning to lay off thousands of workers as the company continues a broad cost-cutting review.
www.investors.com
Amazon layoffs affect UPS volume? Y/N…….
- Thread starter Over70irregs
- Start date
www.investors.com
MECH-lift
Union Brother ✊🧔 RPCD
I don’t see anywhere in article about laying drivers off unless I missed it.
“The company already had announced plans to freeze hiring for corporate roles in its retail division”
excellent idea for UPS as well…NO WONDER AMAZON IS TAKING OVER THEY MAKE BETTER BUSINESS DECISIONS.
“The company already had announced plans to freeze hiring for corporate roles in its retail division”
excellent idea for UPS as well…NO WONDER AMAZON IS TAKING OVER THEY MAKE BETTER BUSINESS DECISIONS.
They already have
no_map_needed
Knowledge is key, Experience is power.
Start worrying if they start to close buildings.
SorryLazyPOS
Big Kahuna Burger
Over70irregs
Well-Known Member
Real market adjustment but also signal towards mechanization and AI. It starts in office as precursor then to shop floor.
DELACROIX
In the Spirit of Honore' Daumier
The going corporate trend now a days... reducing management in order to look good on Wall Street.
With the UPS Contract looming corporate wouldn’t have a leg to stand on if they ask for more Union Concessions if they continue to award and maintain their non essential management positions.
It is now a matter of forcing or buying out their long term management people...those employees know it is coming...many will leave at the end of the year once the Company eliminates their Retirement vesting.
Integrity
Binge Poster
This behavior is fairly prevalent in my area as well.
bottomups
Bad Moon Risen'
I lived it. Had to retire before boredom killed me. Clock moved too slow.
Sissy Brown Short Shorts
Well-Known Member
Big tech companies are purging their workforce across the board. Getting rid of all the IT bean counters they had to hire during covid because of all the e commerce and traffic. On top of getting rid of all the useless HR woke reps that tweet videos of them working for about 18 minutes and drinking coffee and decompressing in their safe spaces for the rest of their 8 hour shift. Hope you guys aren’t invested. The hiring boost was artificially inflating their worth. It all had to come down eventually.
Over70irregs
Well-Known Member
Market slowdown is dictating. Plus companies trimming to gear up for $ change over. Get ready boyz
www.benzinga.com
Mastercard, Citi, Wells Fargo And Others Join New York Fed On Digital Dollar Pilot - Citigroup (NYSE:C), Bank of New York Mellon (NYSE:BK)
Major international banks are teaming up with the New York Federal Reserve for a 12-week digital dollar pilot that will attempt to quantify the impact of digital dollar tokens and how their presence in a common database can help speed up payments.
www.benzinga.com
Amazon has lost according to SEC filings about $132B this year due to fuel prices and now has $37B on its balance sheet. That's not good, it used to cost them $3.70 to deliver a box and now that's up to $6.71. Supposedly they are investing in another electric vehicle company besides Rivian, this is an investment article about a more basic truck.
eats packages
Deranged lunatic
They are saving maybe %20 in the short term and probably none or less in the long term as chronic shortages of lithium will make gasoline prices look like a discount.
eats packages
Deranged lunatic
IMO the best system a futurist could think of would probably be a two-vehicle system. One to drop loads the other to make local deliveries. Like a local, small scale version of what the hubs already basically do which is to take in feeder loads and distribute them to package cars.
Over70irregs
Well-Known Member
FedEx to furlough drivers just as Christmas season begins
FedEx Freight, the less-than-truckload arm unit of FedEx, says some of its workers will be voluntarily furloughed starting next month to adjust to lower-than-expected demand.
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