UPS To Cut 12,000 Jobs

Bloomberg Intelligence Lee Klaskow discusses the dip in UPS revenue and how the supply chains may have been the culprit. He joined Paul Sweeney and John Tucker On Bloomberg Radio.
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[@rcword8795]

all lower management..full time supervisors who have Been with company for a long time ..anybody who does tech with their computers...

[@Chad_Max]

This shouldn't be surprising to anyone given the labor negotiations that happened last year. People make all these demands and then wonder why the companies just slash jobs and increases prices...

[@JudiciaryProductions]

Unionized Teamsters aren't going anywhere, its desk jockeys that are getting cut.

[@The.Dude.Abides.]

@@JudiciaryProductionsdesk jockeys huh? Who don’t think is out there selling and retaining the business to ensure those union members have deliveries and pickups to do on a daily basis? Give up? It’s the “desk jockeys” as you put it. Moron. Also, union members may not be getting cut (due to union rules) but I can guarantee you they are getting furloughed - if you think they are coming out of this unscathed you have no idea what you’re talking about.

[@donlucas3462]

thats right,and there are more layoffs comming in 2024..

[@donlucas3462]

you really believe that, we will see@@JudiciaryProductions

[@Therealdeal_23]

@@JudiciaryProductions round 2 coming

[@Anthony-dj4nd]

Yikes!😮 A recession is when your neighbor loses his job, a depression is when 🫵 lose your job.

[@gordonallen9095]

It's NEVER the CEO's, board members, or executive's fault. It's ALWAYS those damn WORKERS forcing us to pay them a "living wage." How dare they!

[@gordonallen9095]

@@peterski9349 The average CEO makes 344 times more than the average worker, while companies make record profits. Your math doesn't add up when it comes to "greed, money, and power" in regard to workers and unions. Try again....

[@eyelovecolorado2195]

Cutting 12,000 jobs saves them billions? 😂

[@musashi-san____1409]

Yes. Average wage is like 80k.

[@aurimaskancauskis8813]

its around 126K after push from labour union @@musashi-san____1409

[@Zero11_ss]

@@musashi-san____1409 Thats barely 1 Bil.

[@rcword8795]

​@musashi-san____1409 that is false maybe for drivers but that takes 5-7,years, if you start at ups you wont make 80k..try 20 -30k at the most ..but its lower management who's getting the boot

[@musashi-san____1409]

@@rcword8795 I am including tech, and the regular warehouse grunts.

[@user-rs6ur8em3c]

300.000 couriers where does UPS FITTED IN A CROWDED COMPETITIVE MARKET?

[@ticklemebrown52]

I never like UPS! I had a horrible experience for reimbursement! UPS stating package delivered but was delivered to wrong address! I had to correct other wrong deliveries sent to my address! UPS , seldom within the time frame stated. I've had to wait an entire day (8pm -8:45pm) for a packsges stating for morning delivery!

[@mannyfresh123]

How do u know this info teleprompter

[@topofthegreen]

Freight volume are way down and mass layoffs are coming.

[@toadis6949]

If Carol came to the table we a decent offer or her last offer first... We wouldn't be in the situation that were in loosing shippers. Stupidity and management at its finest.... Now volume us down lets break routes so every single driver will be mandatory overtime till they get a nose bleed ... Not very cost effective. Plain simple miss management

[@305youtuber]

ok so after a higher pay raise contract, turn around and layoff the employees to offset the cost ✋🤨🤚what a scam!!! smh 🤦🏻

[@Christopher-hx6xm]

I used to deliver Package Cars the Broker wanted us to go lower, our 1990 rate was 60 cents per mile based on 18 mpg based on 99 cents per gallon in fuel based on $5 per hour for the driver.$20 meal per diem $25 for motels plus the driver delivering the package car has to pay for his way home

[@chunlohk]

So much for 6 figure salaries 🤷‍♂️

[@swedesam]

I could barely stay awake to this low energy vocal fry delivery.

[@ShamileII]

Unions have consequences

[@tylerkriesel8590]

It’s not the union employees getting laid off. Know what you’re talking about, before speaking, typing.

[@MaksimIzer]

​@@tylerkriesel8590 is a 🤡, clearly does not understand how corporations operate

[@jamesridenhour1520]

​@@MaksimIzerelaborate then

[@tylerkriesel8590]

@@MaksimIzer yes, please elaborate lol 😂 just take the L bro, it’s over lol

[@williamhenry9705]

They suck. A package due me sat at a UPS facility from Friday to Tuesday only miles from my home.

[@alohastateofmind3565]

You said that on another video. You must be a chump that works for FedEx

[@KISSMIBUT27]

They are greedy. This guy is making all sorts of excuses. These unions need to understand that with strikes during negotiations thete will be mass layoffs after. So much for the wage increase

[@justtestingonce]

No, If the the demand is there, the jobs will be there, no company is cutting its nose off to spite its face. Companies need to be held to paying a living wage, corporate welfare is not cool because average tax payers end up paying through welfare programs to subsidize their staff.

[@Spine569]

It’s all management positions being cut not hourly!

[@tylerkriesel8590]

It’s management getting laid off, not the union members.

[@jd3l3on]

specialist too? or sups and managers on up?

[@donlucas3462]

thats right

[@melvinjohnson7033]

UPS "workers" out doing fist pumps after their latest contract, now the company doing the fist pump after giving 12k of them the deep six.

[@jasonrabe1664]

I'm in the trucking industry and follow it and the job losses are the office workers not the truck drivers.

[@LmRichardson]

Well they got their raises 😂😂for

[@donlucas3462]

yea they did, and a lot of people are going to pay with thier jobs, and theres more layoffs to come

[@user-nq8vm2iv9v]

They're getting ready to bring in AI. Wait and see.

[@Camcaii]

AI can’t do the job

[@haadiP]

@@Camcaii they will soon

[@RobustArid379]

Amazon made them

[@soothsayer2406]

Yeah?

[@ShakespeareCafe]

$83.3 k per employee saved...

[@99.8Survivor]

At least those that are left employed will have a great wage.

[@yasmngeorge3802]

better start ordering 2 packages one for me and one for my ghetto neighbor that keeps on stealing my packages.... Ya'll need sticker trackers, micro trackers for packages, something reusable, but congratulations on making the warehouse more automated hope it gives ya'll time to focus on tracking packages.

[@tylerkriesel8590]

Residential deliveries aren’t what makes UPS or FedEx money. It’s business deliveries and pickups.

[@dd-ow6pe]

in 5 years .. 200,000 will get laid off .. when the androids take over.

[@wildkats18]

Yea no

[@joemama9098]

Sure they are. Places are automating faster every day. They are tired of the Unions expecting grossly inflated wages for monkey work.@@wildkats18

[@TONYNAEUROPA]

bidennomincs ??? hahahahahahahahahahahahahahahaha

[@sr166]

Lazy attitude teamster workers gotta go

[@Therealdeal_23]

CONGRATS....Union you have FU 12,000 workers

[@jamesridenhour1520]

Wrong

[@Fidellio369]

And what are these 12000 people to do now?

[@danielvalenzuela8814]

Federal, state and local government are hiring at record levels.

[@bmwlane8834]

Another question is,what are they doing now? Are they sitting around?

[@bmwlane8834]

Another question is,what are they doing now? Are they sitting around?

[@lizi122]

you get sleepy listening to this guy

[@ShakespeareCafe]

that's why you listen to all these talking heads at 2.0x speed, soothing over their long-winded-ness