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Many companies lumped layoffs in with larger cost-cutting strategies. Some have cited artificial intelligence as a factor in headcount adjustments.

FedEx, UPS, and the USPS defined the parcel market. Not anymore. The rise of Amazon, major retailers building in-house ...

Job cuts at home-grown pharma companies like Arvinas and RallyBio and federal policies challenge CT biotech 'ecosystem' that ...

Burberry shares surged 16% in London trading Wednesday after the luxury brand announced plans to cut around 1,700 worldwide jobs by fiscal 2027. The British company is in the midst of a turnaround ...

MIDDLEBURG HEIGHTS, Ohio – United Parcel Service this summer plans to lay off 98 part-time employees ... according to a notice filed with the state. UPS spokesperson Karen Tomaszewski Hill ...

But the administration has said it plans to eliminate at least 70,000 through layoffs and voluntary buyouts ... and abuse of power — work that is slow, expensive and more critical than ever ...

The layoffs will impact slightly over 4% of its workforce. This follows an announcement from UPS last year that it would cut 12,000 positions. The move is part of the company's plan to ...

Currently, UPS operates within more than 200 countries and employs 490,000 individuals. The recently announced plan to layoff employees will affect over 4% of the delivery company's workforce.

But those layoffs ... Future plan is expected to run its course. When news first broke out that UPS would temporarily shutter a package processing facility in Portland, Ore. on July 1 amid an ...

UPS cuts 20,000 jobs and closes 73 facilities to save costs. First major U.S. firm to enact layoffs tied to tariff-driven trade slowdown. Expected $3.5 billion in savings for 2025 through ...