Fedex Layoffs. Is UPS management next?

[TSB]

FedEx is laying off 10% of its officers and directors amid cooling demand

The corporate job cuts come as the shipping giant tries to reduce costs amid cooling consumer demand.

www.cnbc.com

They're being tossed to the side of the road. Much like their packages.

 

[Next Day Error]

Time for the middle management bureaucratic bloat to be excised from the company. Always first on the chopping block. You’d think they’d keep the weight off but after the hard times are gone these fat cats can’t stop themselves from rehiring thousands of professional useless people. UPS can save some money getting rid of the diversity, equity and inclusion crowd. Or the guy that changes FL1 to FDR back and forth every couple years to justify his IT salary.

WHITE MEN ONLY here at UPS, right?

No sense in upsetting Sissy Brown Short Shorts with all of these differently looking people.

Solidarity, RIGHT???

 

[BeachBoy]

"United Parcel Service Inc. is girding its business against a slowdown in global delivery volumes as it advised that annual revenue could decline for the first time since 2009.

The Atlanta-based delivery company said Tuesday that it expects revenue of between $97 billion and $99.4 billion in 2023, down from $100.3 billion last year."

Of course delivery revenue will be down. Everyone isn't still stuck at home hiding from the virus and/or holding a fist full of government cash and having everything delivered. The big tech companies that are laying off right now are forecasting drops in revenue for similar reasons.

To put things in perspective. Check out 2020 and 2021:

UPS Revenue 2010-2022 | UPS | MacroTrends

View attachment 416461

Yes, but cardboard sales are down 8.4 % from a year ago. That's a troublesome indicator.
It'll get bumpy.

 

[clean hairy]

View attachment 416472

Will this be the CEO that replaces Carol?

 

[PreTrippin’]

Will this be the CEO that replaces Carol?

I thought that was carol. The resemblance is uncanny.

 

[Over70irregs]

Yes, but cardboard sales are down 8.4 % from a year ago. That's a troublesome indicator.
It'll get bumpy.

You might be on to something.

 

[Next Day Error]

Much better-than-expected jobs numbers today. The economy is red hot. Recession is canceled for the time being.

 

[IVE GOTTA PACKAGE 4U]

Much better-than-expected jobs numbers today. The economy is red hot. Recession is canceled for the time being.

And so is the stock market rally

 

[anonymous23456]

A big house, 2 cars, 5 iPhones, 3 iPads, 4 computers, and 5 TVs...is this a picture of an average American family? What else do they need to spend on? You can't expect unlimited growth. Unlimited growth is a cancer definition.

 

[PT Car Washer]

Much better-than-expected jobs numbers today. The economy is red hot. Recession is canceled for the time being.

In spite of higher interest rates and gas prices. What will happen when construction season begins in a couple months?

 

[PT Car Washer]

A big house, 2 cars, 5 iPhones, 3 iPads, 4 computers, and 5 TVs...is this a picture of an average American family? What else do they need to spend on? You can't expect unlimited growth. Unlimited growth is a cancer definition.

This is why so many Central American refugees risk their lives to come to America.

 

[Box Ox]

A big house, 2 cars, 5 iPhones, 3 iPads, 4 computers, and 5 TVs...is this a picture of an average American family? What else do they need to spend on? You can't expect unlimited growth. Unlimited growth is a cancer definition.

This is why so many Central American refugees risk their lives to come to America.

Of course. But they do have to list reasons other than wanting more money on their asylum request paperwork.

Glad the left is starting to say true things about illegal immigration out loud.

 

[BrownFlush]

Glad the left is starting to say true things about illegal immigration out loud.

Only because the State Ran Media was forced to begin talking about it.

 

[BrownFlush]

A big house, 2 cars, 5 iPhones, 3 iPads, 4 computers, and 5 TVs..

All free under this administration.

 

[PT Car Washer]

Only because the State Ran Media was forced to begin talking about it.

What is the state ran media and who forced them?

 

[PT Car Washer]

All free under this administration.

I guess I missed out on the sale.

 

[BrownFlush]

I guess I missed out on the sale.

Yes but, you support the sale.

 

[PT Car Washer]

Yes but, you support the sale.

What are you even talking about?

 

[BrownFlush]

What is the state ran media and who forced them?

You really are a lost ball in high weeds.

 

[BrownFlush]

What are you even talking about?

You are a leftist that has turned a blind eye to illegal immigration, the problems the open border policy has brought, and the cost to taxpayers.