- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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Just in time for Christmas.
We need some real movement politics, and quick.
UPS said the layoffs were part of a broader effort to cut costs and reshape the company to better adapt to shifting market dynamics, as executives face pressure to stem a long-term decline in the share price, which has fallen by more than 20 percent this year.
UPS shares rose following Tuesday’s release, and were up over 7 percent at the time of writing.
No directive for profits or long term competitiveness, just share price. The whole system is just a big casino following social trends rather than any core fundamental goal to drive society towards better and less expensive services.
Fucking ghoul stockholders.
Say it with me everyone:
Not a recession!
If you say it over and over, it must be true!
Yes, the economy is clearly doing well, thank you Orange Man.
The Atlanta-based company said the reductions comprised 14,000 roles primarily in management, alongside around 34,000 cuts within its “operational workforce”—employees involved in its day-to-day logistics and delivery services.
I would be curious to know what percentage of the 34,000 chose not to join the union
