As UPS addresses long-term headwinds of high costs and declining margins', it is currently trading near Covid lows. Click to ...

The United Parcel Service made the announcement alongside its Q1 2025 earnings report. UPS stock rose slightly on the news.

UPS plans to cut 20,000 jobs and close over 70 facilities as part of its cost-saving measures. These changes are part of the "Network Reconfiguration and Efficiency Reimagined" program aimed at ...

These cost-cutting measures are projected to save UPS $3.5 billion in 2025. The company's consolidation and restructuring efforts are expected to be completed by 2027. The United Parcel Service ...

Companies such as UPS, Meta, Microsoft ... While the reasons for slimming staff vary, the cost-cutting measures are coming amid a backdrop of technological change. In a recent World Economic ...

and expects to save $3.5 billion in 2025 from the cost-cutting measures. UPS’ first-quarter revenue fell slightly to $21.5 billion, but the company still beat Wall Street earnings expectations ...

Mark Zuckerberg's Meta cut about 5% of its workforce in February.Chris Unger/Zuffa LLC via Getty Images Companies such as UPS ... staff vary, the cost-cutting measures are coming amid a backdrop ...