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UPS
Forbes
112 days

UPS To Cut 20,000 Jobs In 2025 After Slashing Amazon Shipments

1. UPS to lay off 20,000 workers, anticipating lower delivery volumes. 2. Cuts in Amazon shipments impact UPS's revenue forecasts and customer relationship. 3. Despite layoffs, UPS beat first-quarter profit estimates with $21.5 billion revenue. 4. Company plans to save $3.5 billion by 2025 through job cuts and closures. 5. Dropped full-year revenue guidance citing macro-economic uncertainty.

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FAQ

Why Bearish?

The layoffs and revenue guidance drop suggest declining profitability and market confidence.

How important is it?

The article reveals significant operational changes that can impact UPS's financial health.

Why Short Term?

Immediate effects will likely be felt on stock performance due to layoffs.

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