Tariff Shock Fears Spur US Logistics Giant’s Large-scale Layoffs
2025-04-25
United Parcel Service (UPS) announced on April 29 that it will reduce costs and enhance profitability this year through large-scale layoffs and the closure of operating institutions.
This American logistics giant plans to cut approximately 20,000 operational positions this year, accounting for about 4% of its total workforce. In the...