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politics @lemmy.world · 1 year ago

UPS to cut 20,000 jobs on likely lower Amazon shipments, profit beats estimates

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UPS to cut 20,000 jobs on likely lower Amazon shipments, profit beats estimates

vegeta@lemmy.world to

politics @lemmy.world · 1 year ago

United Parcel Service reported a first-quarter profit that beat market expectations and said it will cut 20,000 jobs as the parcel giant looks to trim costs.

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RampantParanoia2365@lemmy.world
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1 year ago
What? Is that headline in English?
- Raiderkev@lemmy.world
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  1 year ago
  Yes. They beat earnings estimates, but they are cutting jobs in anticipation of fewer Amazon shipments because tariffs.
  - chuckleslord@lemmy.world
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    1 year ago
    Record profits! Job cuts! Capitalism, baby!
    - MDCCCLV@lemmy.ca
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      1 year ago
      This is just saying they’re using their brain to recognize that there is a coming slow down.

politics @lemmy.world

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