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I think there were already multiple posts on HN about this. Most recent I remember UPS firing 20 000 people. Edit: https://news.ycombinator.com/item?id=438358

by trymas 1y ago

I think there were already multiple posts on HN about this. Most recent I remember UPS firing 20 000 people. Edit: https://news.ycombinator.com/item?id=43835849 https://news.ycombinator.com/item?id=43835849

toomuchtodo 1y ago
This was because UPS let an Amazon delivery deal roll off that was not profitable. https://www.sec.gov/Archives/edgar/data/1090727/000109072725000046/exhibit991-earningspressre.htm https://www.sec.gov/Archives/edgar/data/1090727/000109072725... https://about.ups.com/us/en/newsroom/press-releases/financials/ups-releases-4q-2024-earnings-and-provides-2025-guidance.html https://about.ups.com/us/en/newsroom/press-releases/financia...
- wavefunction 1y ago
  UPS said it was because shipping volumes at Amazon are down, so it's not-profitable because shipping-volumes are down. lol