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UPS to cut 20,000 jobs on likely lower Amazon shipments; first-quarter profit exceeds estimates
theglobeandmail.com/business/international-business/article-ups-to-cut-20000-jobs-on-likely-lower-amazon-shipments-first-quarter
United Parcel Service’s UPS-N first-quarter profit beat market estimates and the parcel delivery giant said it will cut 20,000 jobs to lower costs in an uncertain economy and in anticipation of weak volumes from its largest customer, Amazon AMZN-Q.
Shares of the company rose nearly 2 per…
This story appeared on theglobeandmail.com, 2025-04-29 12:54:56.