UPS has announced that it will make 12,000 job cuts after the company's income declined by $1.87billion and said that '2023 was a disappointing year.' In an post-earnings call on Tuesday, the package delivery company said that the income decline is a result of higher union labor costs and softer demand. '2023 was a unique and difficult year. Through it all we remained focused on controlling what we could control, stayed on strategy and strengthened out foundation for future growth,' CEO Carol Tomé said.
Load More
Load More