UPS Cost Cutting Driving Operational Efficiency

3 months ago

John Tucker

"And let's start with the United Parcel Service. they deliver. Uh they smashed Wall Street profit expectations and they did it by cutting costs and unfortunately by eliminating 34,000 jobs this year. Uh this is the cut to its permanent operational workforce and that includes uh delivery drivers, package handlers. It's actually a 70% increase uh from the previous layoff target that we heard about as part of the cost-saving initiative. They've closed daily operations at 93 leased and owned buildings. Uh the results suggest that the CEO revival efforts are gaining traction. The stock, by the way, um really being rewarded for these latest efforts."

This segment highlights UPS's aggressive cost-cutting measures including significant workforce reductions and closure of buildings, which have helped the company exceed profit expectations and boost stock performance despite ongoing industry challenges.

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