UPS cut nearly 48,000 jobs in 2025
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"No hire, no fire" job market may no longer be a thing as big companies announce mass layoffs
Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere.
4hon MSN
Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill.
United Parcel Service posted better-than-expected results on Tuesday, in an early sign that the company's overhaul, which included cutting 48,000 jobs, was making headway following several difficult quarters of weak volumes.
The delivery giant has also shuttered 93 buildings in 2025 as it adjusts its U.S. network to a reduction in Amazon volume.
2hon MSN
Why companies like Amazon, UPS are getting bolder about layoffs after months of watching and waiting
Analysts have called it the “no-hire, no-fire” economy. But the thousands of job cuts announced by Amazon.com Inc. and United Parcel Service Inc. on Tuesday may suggest that the U.S. job market’s current state of suspension has changed for the worse.
UPS is cutting some 48,000 jobs as part of a major reorganisation connected to a planned reduction in delivery services for Amazon packages, company officials said on Tuesday. Read more at The Business Times.