CNBC: UPS profit beats estimates, to cut 20,000 jobs on economic worries

United Parcel Service a first-quarter profit that beat market expectations and said it will cut 20,000 jobs as the parcel giant looks to trim costs in an uncertain economy, sending its shares up more than 5% before the bell on Tuesday.

Extensive tariffs by U.S. President Donald Trump have slowed . . .

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Honestly, I think it is also related to this:

Meh, maybe I’m wrong.
CNBC and the WSJ and I each identified different reasons.
The likelihood I am right just dropped precipitously.


https://www.wsj.com/business/earnings/ups-earnings-q1-2025-job-cuts-57cc8084?mod=business_lead_pos2