UPS Cost Cutting and Operational Efficiency

3 months ago

"Let's start with the United Parcel Service. They deliver. They smashed Wall Street profit expectations and they did it by cutting costs and unfortunately, by limiting 34,000 jobs this year. This is the cut to its permanent operational workforce, and that includes delivery drivers, package handlers. It's actually a 70% increase 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. The results suggest that the CEO revival efforts are gaining traction."

UPS is executing significant cost-cutting measures, including a steep increase in layoffs and closing operations, which appears to be positively impacting its profitability and market reward. The commentary highlights improved operational efficiency and a revived CEO strategy despite broader industry challenges.

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