UPS workforce declined by 9,000 employees in 2021, as losses in the U.S. offset gains internationally - Marketwatch
United Parcel Service Inc. disclosed Tuesday that its workforce was reduced by about 9,000 employees in 2021, as job cuts in the U.S. more than offset net hiring internationally. The package delivery giant said in its 10-K filing with the Securities and Exchange Commission that it had 534,000 global employees at the end of 2021, excluding seasonal employees, of which 444,000 were in the U.S. and 90 were located abroad. That compares with 543,000 global employees at the end of 2020, of which 458,000 were located in the U.S. and 85,000 were located internationally. The decline in workforce seems to jibe with the company's "better not bigger" strategy, which included the sale of some assets.
United Parcel Service Inc. disclosed Tuesday that its workforce was reduced by about 9,000 employees in 2021, as job cuts in the U.S. more than offset net hiring internationally. The package delivery giant said in its 10-K filing with the Securities and Exchange Commission that it had 534,000 global employees at the end of 2021, excluding seasonal employees, of which 444,000 were in the U.S. and 90 were located abroad. That compares with 543,000 global employees at the end of 2020, of which 458,000 were located in the U.S. and 85,000 were located internationally. The decline in workforce seems to jibe with the company's "better not bigger" strategy, which included the sale of some assets.
