Sandy Springs-based UPS is laying off more of its employees, after earlier this year announcing it was cutting 12,000 jobs in its management ranks.
UPS made $7 Billion dollars net profit last year. It was a decline from the 11.5 Billion net profit they made in 2022.
Who said they are not needed? Are they “not needed” because, while profitable, they need to make more profit? We need to add some skepticism whenever c-suite people lay people off because it is almost always because moar profit.
UPS has. They believe they can run the business more efficiently without them. So what’s the percentage of people they should be keep on after this decision that they are being inefficient?
They made 7 billion in profit last year. These layoffs are not because they evaluated these layoffs from any other perspective other than how much can we get away with to make more than 7 billion?
If they can keep up the same level of service with less people I fail to see the problem. Do you expect business to intentionally operate inefficiently just to keep people employed?
Your definition of efficiency is not compatible with mine. Layoffs here are entirely based on profit increase, not efficiency. They will gladly trade inefficiency for increase in profit. They will gladly trade the sanity of those laid off, and of those who have to pick up the slack by working more and spending less time outside of work. Wealth extraction is a greedy gambit to increase profit at any cost year over year. CEOs will gladly bite the hand that feeds them, get bonuses for investor payouts, and get their golden parachute once it goes sour. They are pariahs.
If you want to invent stuff then sure, I guess we can’t come to terms.
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This MFer. Take CVS for example, they’ve reduced staff at each pharmacy for efficiency. It used to be you would get a prescription at your pharmacy of choice within an hour of going to the doctor. Now it takes days because of “efficiency”. I swear capitalism is a religion to many.
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They believe they can make fewer people do more work. This has nothing to do with efficiency.
All I heard was an existing or future MBA talking from those comments. MBAs exist to defend the choices of CEOs.
Blah blah blah blah blah I can’t address the simple questions.
You clearly cannot read.
Blah blah blah blah blah blah blah blah blah blah blah. Still can’t address.
UPS has one of the largest unions on the planet, you don’t think this was discussed and agreed on?