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7/21/2025, 5:40:50 PM
>>510973693
>“As we navigate an unprecedented business landscape, we are executing the largest network reconfiguration in UPS history” and need to similarly adjust headcount, the company explained.
>Parcel volumes are under pressure from a variety of headwinds, including Trump administration tariffs that have slowed imports and a January decision to reduce Amazon business by 50% over 18 months because so much of it is unprofitable.
>As the goods economy has slowed, UPS has been feeling the pain.
>They've taken the unprecedented step to reduce their driver workforce by 20,000. This does not happen in a robust goods economy.
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>“As we navigate an unprecedented business landscape, we are executing the largest network reconfiguration in UPS history” and need to similarly adjust headcount, the company explained.
>Parcel volumes are under pressure from a variety of headwinds, including Trump administration tariffs that have slowed imports and a January decision to reduce Amazon business by 50% over 18 months because so much of it is unprofitable.
>As the goods economy has slowed, UPS has been feeling the pain.
>They've taken the unprecedented step to reduce their driver workforce by 20,000. This does not happen in a robust goods economy.
[2/2]
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