Reported about 12 hours ago
United Parcel Service Inc. plans to lay off 20,000 employees and close numerous facilities this year as it significantly reduces its delivery volume for Amazon. This job cut, affecting about 4% of its workforce, is part of a network overhaul aimed at improving profitability after a decline in e-commerce activity post-pandemic. UPS also announced it would cease delivery of low-margin packages from Amazon, seeking greater operational efficiency amidst ongoing economic uncertainties.
Source: YAHOO