UPS announces 12,000 job cuts, says package volume slipped last quarter

[Over70irregs]

UPS announces 12,000 job cuts, says package volume slipped last quarter

UPS reported more than a 7% decrease in daily package volume in its fourth quarter earnings report Tuesday morning.

www.cnbc.com

 

[amazondriverdude]

Sleepy Joe recession: confirmed

 

[Up In Smoke]

1 Billion divided by 12K equals $83,000.00 average for wages and benefits.

 

[Just A UPS Guy]

1 Billion divided by 12K equals $83,000.00 average for wages and benefits.

$9B ÷ 12k is $750k. How many people in UPS making that??

 

[Up In Smoke]

$9B ÷ 12k is $750k. How many people in UPS making that??

???? The article stated that she said that the job reduction would save a billion dollars in 2024.

 

[Just A UPS Guy]

???? The article stated that she said that the job reduction would save a billion dollars in 2024.

Right, but pointed out the overall regression was $9B+. It was a poorly made point, sorry. I'm just saying these 12k jobs aren't making a dent.

 

[542thruNthru]

50% MIP.... management wives will be all over Facebook complaining tonight lol!

"They work so hard!"

"They put in long hours!"

LMAO! Welcome to the real UPS.

 

[TSB]

Since historically the highest paid employees are at the top I want to know when Carol's retirement party is.

 

[I have NOT been lurking]

50% MIP.... management wives will be all over Facebook complaining tonight lol!

"They work so hard!"

"They put in long hours!"

LMAO! Welcome to the real UPS.

Be nice and ask how much

 

[Just A UPS Guy]

Be nice and ask how much
View attachment 467121

Was just gonna say that maybe the wives can make up the difference. Lol

 

[DELACROIX]

50% MIP.... management wives will be all over Facebook complaining tonight lol!

"They work so hard!"

"They put in long hours!"

LMAO! Welcome to the real UPS.

What they are really worried about is that they will have to go out and find a better job, or any job...

The days of a "ONE PAYCHECK HOUSEHOLD" has been dead for a long time...

 

[DELACROIX]

Was just gonna say that maybe the wives can make up the difference. Lol

You beat be to it...

 

[DELACROIX]

Since historically the highest paid employees are at the top I want to know when Carol's retirement party is.

The downsizing very seldom starts at the top...

 

[anonymous23456]

$9B ÷ 12k is $750k. How many people in UPS making that??

Fire Carol and her executive VPs will save the company lot of money.

 

[DELACROIX]

UPS announces 12,000 job cuts, says package volume slipped last quarter

UPS reported more than a 7% decrease in daily package volume in its fourth quarter earnings report Tuesday morning.

www.cnbc.com

...They're cutting (Coyote)....and no more working from home...

 

[Coldworld]

50% MIP.... management wives will be all over Facebook complaining tonight lol!

"They work so hard!"

"They put in long hours!"

LMAO! Welcome to the real UPS.

What is a typical MIP amount??

 

[RTS313]

Well they removed 2800 FT mangers jobs in greater Texas area in September of 2023. Now additional 12000.

 

[Coldworld]

How much volume did we loose to fedex/usps when brown wanted to wait until the last day to settle the contract???

 

[MyTripisCut]

What is a typical MIP amount??

bout tree, tree fiddy….

 

[DELACROIX]

How much volume did we loose to fedex/usps when brown wanted to wait until the last day to settle the contract???

Maybe waiting for the last moment was in their game plan all along..I won’t put it pass them.