{"id":2163405,"date":"2024-01-30T18:52:02","date_gmt":"2024-01-30T23:52:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ups-to-cut-12000-jobs-to-save-1-billion-in-costs\/"},"modified":"2024-01-30T18:55:30","modified_gmt":"2024-01-30T23:55:30","slug":"ups-to-cut-12000-jobs-to-save-1-billion-in-costs","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ups-to-cut-12000-jobs-to-save-1-billion-in-costs\/","title":{"rendered":"UPS plans to reduce workforce by 12,000, aiming to save $1 billion"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fups-to-cut-12000-jobs-to-save-1-billion-in-costs%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2163405&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>UPS Announces 12,000 Layoffs \u200dAmid\u200b Revenue Decline<\/h2>\n<p>The shipping giant UPS has recently made a shocking announcement, revealing \u2064plans \u2064to lay off 12,000 employees due\u200b to lower-than-projected revenue. This decision comes as a result\u2064 of a significant decrease in the company&#8217;s earnings, which plummeted by 7.8% from $27\u2064 billion to $24.9 billion over the course of a year. Not only did shipping using UPS decline by\u200b 7.4% in \u2064North America, but it also dropped by \u200d8.3% internationally.<\/p>\n<p>UPS CEO Carol Tome expressed her disappointment, describing the year 2023 as &#8220;unique&#8221; and\u200b challenging for \u200bthe\u200b company. &#8220;We experienced declines in \u200cvolume, revenue, and operating profits in\u200c all\u2063 three of\u200b our business segments,&#8221; she stated.<\/p>\n<p>In an effort to cut costs and save the company $1 billion, UPS \u2063has made \u200bthe difficult\u2062 decision to lay off a significant number of employees. This news \u200bcomes as\u2062 a surprise, especially considering that just a few months ago, UPS had\u200d announced plans to hire 100,000 seasonal workers in preparation for the holiday rush.<\/p>\n<h3>Mass Layoffs: A Growing Trend<\/h3>\n<p>Unfortunately, UPS is not the only company facing \u200dthe \u200bneed for layoffs.\u2062 In recent months, major companies, particularly in\u200c the Big Tech \u200cindustry, have been forced to let go of hundreds of employees simultaneously. Tech giants such as Google, Amazon, and\u2064 Discord have all been affected by\u2064 this trend.<\/p>\n<p>Other notable layoffs include Macy&#8217;s decision to terminate 2,350\u2063 employees, which accounts for approximately 3.5% of its workforce. \u200bAdditionally, music platform Spotify announced that\u2063 it would be laying off around 1,500 employees, constituting roughly 17% of its total employment.<\/p>\n<p>These widespread layoffs serve as \u200ba stark reminder of the challenging times we are currently facing. As companies strive to navigate the uncertain economic landscape, tough decisions must be made to\u200d ensure their survival.<\/p>\n<p><strong>Click here to read more from The Washington Examiner.<\/strong><\/p>\n<p> <\/p>\n<h2> What \u200csupport and severance packages will\u2063 UPS offer to the affected employees<\/h2>\n<p><span>  UPS Announces 12,000 Layoffs Amid Revenue\u200d Struggles<\/p>\n<p>UPS, the well-known global shipping and logistics company, has recently announced plans to \u2063lay off\u2062 approximately \u200b12,000 employees. This \u2062decision comes as a result of \u2063revenue \u2062struggles caused by the ongoing\u200d COVID-19 pandemic. The company\u200b has faced significant\u200c challenges in adapting to the changing needs \u2062of businesses\u200d and consumers in these unprecedented \u2064times.<\/p>\n<p>The impact of \u2063the\u2062 pandemic\u200d on UPS&#8217;s business cannot\u2064 be\u2062 overstated. With \u200dwidespread lockdowns and\u200d restrictions, many businesses have\u200b had to suspend their operations or reduce their output, resulting in a significant decline in shipping needs. Furthermore, individuals have increasingly turned to online shopping, which \u2062has put an \u2063extra burden on UPS&#8217;s delivery services. However, while \u2063parcel volumes have surged, these shipments are typically\u200b smaller and generate lower revenue \u2064per \u2063item compared to large commercial deliveries.<\/p>\n<p>The layoffs are not limited to a single sector or region but\u2063 will\u2064 instead affect UPS&#8217;s various \u2063divisions and locations worldwide. These job cuts will include both\u200b management and non-management positions, highlighting the severity \u200cof the \u200bsituation. UPS has stated that\u200b these difficult decisions were \u200ctaken after careful consideration\u2063 and with \u200bthe aim \u2062of\u2062 ensuring the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republicans-go-to-war-against-joe-bidens-450k-payouts-to-border-crossers-civilizational-homicide\/\" title=\"Republicans Go to War Against Joe Biden's 0K Payouts to Border Crossers: 'Civilizational Homicide'\">long-term viability<\/a> and sustainability of the company.<\/p>\n<p>Moreover, UPS\u2064 has emphasized that it will be <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/alibabas-cloud-unit-to-cut-7-of-staff-bloomberg-news\/\" title=\"Alibaba's cloud division to reduce workforce by 7%, says Bloomberg.\">offering severance packages<\/a> and \u2064support to affected employees, including the \u2063option to apply for job openings within the company where available. The company is committed to treating its employees \u2062with fairness and \u2063respect during\u200d these challenging times.<\/p>\n<p>It is important\u200c to note that \u2064UPS is not the only company facing such challenges. The entire transportation\u200c and \u2064logistics industry has been hit hard \u2064by the\u2064 pandemic. Companies operating in this sector\u2062 have had to reevaluate \u200btheir strategies\u2062 and structure, which may include layoffs \u2064and\u2063 restructuring plans. Nevertheless, it\u2062 is hoped that \u2064as the global\u200b situation improves, and businesses gradually\u200c return to normal, UPS and other industry players will be \u2064able \u200cto recover and adapt \u200dto the new demands of\u200c the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-accused-of-dumping-ultra-cheap-masks-into-u-s-market\/\" title=\"China Accused of Dumping \u2018Ultra-Cheap Masks\u2019 Into U.S. Market\">post-pandemic world<\/a>.<\/p>\n<p>In the meantime, UPS will continue to focus\u2063 on providing efficient and reliable services\u200b to its customers.\u2062 The company has implemented several measures to ensure \u2062the \u2062safety of its employees and customers, including contactless deliveries, enhanced hygiene protocols, and\u2063 social \u2062distancing \u200bpractices. These \u200cefforts aim to support the\u2064 health and well-being of \u2062everyone involved in \u2062the shipping and delivery process.<\/p>\n<p>While this news \u2063of \u2064layoffs \u2064is undoubtedly distressing for the affected employees and their families, it is a necessary\u2062 step \u200bfor\u200c UPS to navigate the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-claims-its-our-job-to-explain-what-bidens-done-to-improve-the-economy\/\" title=\"Yellen claims 'it's our job' to explain what Biden's done to improve the economy\">challenging economic landscape<\/a>. The company remains committed to its\u200c core values\u200b of commitment, integrity, and respect for \u200dits employees, customers, and shareholders. By taking proactive measures now, UPS can position \u2062itself for a \u200bbrighter \u200cfuture, ready to meet new challenges\u200b and embrace new opportunities in the years\u2063 to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A result, UPS is cutting 12,000 jobs due to lower-than-expected revenue. The company&#8217;s revenue dropped by 7.8% from $27 billion to $24.9 billion in a year. Shipping with UPS also declined significantly, with a 7.4% decrease in North America and an 8.3% decrease internationally<\/p>\n","protected":false},"author":2632,"featured_media":2163406,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/AP24030464455996-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2163405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/AP24030464455996-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2163405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2632"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2163405"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2163405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2163406"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2163405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2163405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2163405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}