XPost: alt.society.labor-unions, talk.politics.guns, alt.politics.republicans   
   XPost: sac.politics, alt.society.liberalism   
   From: leroysoetoro@americans-first.com   
      
   https://apnews.com/article/ups-amazon-layoffs-turnaround-   
   85afc1c459883f41a2283c8394ce1eaf   
      
   United Parcel Service posted third-quarter results that handily beat Wall   
   Street’s expectations and gave details about its turnaround efforts,   
   including approximately 48,000 job cuts.   
      
   Shares rose more than 7% in afternoon trading on Tuesday.   
      
   UPS earned $1.31 billion, or $1.55 per share, for the three months ended   
   Sept. 30. The Atlanta-based company earned $1.99 billion, or $1.80 per   
   share, a year earlier. Removing one-time costs, earnings were $1.74 per   
   share.   
      
   That easily topped the $1.31 per share that analyst polled by Zacks   
   Investment Research were calling for.   
      
   Revenue totaled $21.42 billion, surpassing Wall Street’s estimate of   
   $20.84 billion.   
      
   UPS said in a regulatory filing that it has cut about 34,000 operational   
   positions and closed daily operations at 93 leased and owned buildings   
   during the first nine months of this year as part of its turnaround plan.   
   The company also announced approximately 14,000 job cuts, mostly within   
   management. It said that it is still looking to identify additional   
   buildings to close.   
      
   In April UPS announced that it was looking to slash about 20,000 jobs and   
   close more than 70 facilities as it drastically reduces the number of   
   Amazon shipments it handles. At the time, the company said that it   
   anticipated closing 73 leased and owned buildings by the end of June. The   
   company noted that it was still reviewing its network and might identify   
   more buildings to be shuttered.   
      
   In January UPS announced that it had reached a deal with Amazon, its   
   biggest customer, to lower its volume by more than 50% by the second half   
   of 2026.   
      
      
   During UPS’ fourth-quarter earnings conference call in January, CEO Carol   
   Tomé said that the company had partnered with Amazon for almost 30 years   
   and that when its contract came up this year, UPS decided to reassess the   
   relationship.   
      
   UPS has realized cost savings of approximately $2.2 billion as of Sept.   
   30. It anticipates achieving $3.5 billion total year over year cost   
   savings in 2025.   
      
      
   --   
   November 5, 2024 - Congratulations President Donald Trump.  We look   
   forward to America being great again.   
      
   We live in a time where intelligent people are being silenced so that   
   stupid people won't be offended.   
      
   Every day is an IQ test. Some pass, some, not so much.   
      
   Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama   
   / Biden / Harris fiascos, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)