United Parcel Service Inc just axed 34,000 jobs, in a dramatic turnaround smashing Wall Street’s third-quarter profit expectations for 2025.
This boost has seen a surge in its shares fueling the company’s market confidence for shareholders. This year’s jobs cuts saving initiatives were in the company’s operational workforce, daily operations at 93 leased and owned buildings.
UPS has generated savings of $2.2 billion with a fourth quarter expected revenue of around $24 billion in 2025. Overall, the cuts puts them in alignment of their goal of $3.5 billion in total year-over-year cost savings for 2025.
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