Written By Lexx Thornton United Parcel Service (UPS) has implemented one of the largest single-year job reductions by a U.S. company since the pandemic, cutting approximately 48,000 jobs this year as the package giant executes a sweeping strategy to contain costs and boost its lagging stock price. The Atlanta-based delivery behemoth disclosed the massive downsizing on Tuesday while reporting third-quarter earnings that managed to beat Wall Street expectations. UPS shares subsequently jumped nearly 9% in afternoon trading. The total job cuts far exceeded previously disclosed targets and account for nearly 10% of the half a million people the company employed
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