UPS

Throwaway921845

Huh. List of companies that have pulled their guidance so far: Delta, Walmart, Logitech, United Airlines, Southwest Airlines, Alaska Airlines, Chipotle, Thermo Fisher Scientific, Skechers, American Airlines, Procter & Gamble, PepsiCo, Volvo, Snap, JetBlue, Kraft Heinz, General Motors, UPS, Mercedes, Stellantis.

Throwaway921845

Huh. [List of companies that have pulled their guidance so far](https://www.forbes.com/sites/tylerroush/2025/04/30/here-are-the-major-us-companies-warning-about-tariffs-in-their-earnings-reports/): Delta, Walmart, Logitech, United Airlines, Southwest Airlines, Alaska Airlines, Chipotle, Thermo Fisher Scientific, Skechers, American Airlines, Procter & Gamble, PepsiCo, Volvo, Snap, JetBlue, Kraft Heinz, General Motors, UPS, Mercedes, Stellantis.

AstrosJones

UPS announced 20k layoffs

lookhereifyouredumb

How much of UPS‘s workforce is 20,000 people

This-Grape-5149

I sold UPS at a big loss to raise some cash. Feels like this is going to get worse. Figure I’ll have some opportunities to buy high growth mutual funds at a discount. I rode UPS down for 2 years it’s dead at this point might as well try to get in on the market

blckblt416

This was announced long before the election LOL. No more Amazon and they are closing the tiny makeshift hubs that were only built during the lock down when everyone was buying online and companies like UPS were shipping items like crazy.   Don't forget all the c19, items that were being shipped, government contracts, syringes, gloves, all those masks, ventilators and so on on top of the regular shopping. 

S-Club-Party

AMZN put holders liking those big UPS layoffs, but it's not a sign of AMZN sales are suffering; UPS decided to phase out more than half of its Amazon deliveries on their last earnings. From the [WSJ in January](https://www.wsj.com/business/earnings/ups-shares-slide-on-plans-to-slash-volume-of-business-with-amazon-33104235): > UPS said it has reached a deal in principle with Amazon to cut its shipping volume by more than 50% by June 2026. One reason that UPS is looking to wean itself from Amazon is that profit margins on that business are tight and eat into its profitability, Chief Executive Carol Tome said. “Amazon is our largest customer, but it’s not our most profitable customer,” she said on Thursday’s earnings call.

lightning_whirler

Remember when the Teamsters Union was bragging about the great contract they signed with UPS about a year ago? What did they think would happen.

S-Club-Party

Back in January, UPS announced they would be reducing the number of Amazon deliveries they make by half over the coming months, because they didn’t make enough profit from them. This is that happening. It’s not a sign of reduced Amazon sales.

Such_Region2724

UPS laying off 20k and directly tying it to reductions in Amazon boxes is definitely boolish for Jeff tomorrow, right? 

No-Improvement3164

I’m buying UPS. 20k jobs cut must be bullish

DuaLipa247

UPS needs to take notes Amazon delivers for less $$$ and for slave work

BullPropaganda

I worked at FedEx and use only UPS for similar reasons

CandidAssistance4906

i worked at UPS. It was literal slave labor & the worst working schedule ive ever seen in my life. 85% of their staff works 3 hours a day dude.... FUCKING 3.... You should all be happy that company is FAILING. I wont ever use UPS for anything in my life after what i saw working there

fixxer_s

Who benefits from this stupid? UPS layed off 20k. EA lay offs. Target and Walmart are laying off. Various city and state workers are losing jobs (I think the states should simply withhold Fed taxes since the Fed has abdicated responsibility). Who benefits? Long run, the same fucks who always do. Who gets fucked? All of us.

callsonreddit

"UPS said this week that it expected to cut 20,000 jobs this year and close dozens of facilities as it reduces shipments for Amazon."

OkField5046

Work in LTL freight and have for 27 years It’s slow as fuck across the board. Even small Packages are slow and laying off people (UPS) Empty shelves are in a near term. 100% I haven’t seen it this slow since Covid

redmoon714

UPS announced recently they are cutting 20,000 jobs.

saysjuan

UPS guy was just here. Showed him the meme and he got a laugh at it as well. /s

Cheridan22

FedEx has been laying off all over the country. They had layoffs in 2024 and even more are coming. They have started closing stations too, this started last year. The layoffs that are coming soon at FedEx are in Lebanon, Tennessee as well as Bay Area, California, Oakland and Emeryville, West Boylston, Massachusetts, Raleigh and Durham, NC as well as Jacksonville, FL, 4 stations in Naples, Punta Gorda and more to be announced soon. If more people don’t start ordering smaller items from Walmart, Target, Home Depot, Lowes, etc instead of going through Amazon, UPS and FedEx may not make it. FedEx is trying to downsize and move to a 2.0 system because the struggles have been massive over the past few years. Now it looks like UPS is facing similar problems. That will be a lot of unemployed people this year. Walmart Plus is $12.95 a month and offers free next day and 2 day shipping. From what we’ve been told it’s the smaller items like Ibuprofen, cold medicines, batteries, chargers, tooth paste, deodorant, face cleansers, body wash, febreeze, etc that FedEx and UPS need to be delivering more of, to keep their doors open, as most people purchase smaller items now from Amazon which has really hurt these other companies.

Classic-Finish-7433

How far out of the $$$ are the $100 NKE calls expiring 2027 Jan 15? After seeing Wabash, SAIA and UPS tank this week and then NKE downgraded by Wells Fargo and Citi from $75 to $55 but World Cup ‘26 will save his calls 

Murdocjx714x

Hahah little do you know that UPS won the postal contract last year and we also ship postal. Jokes on you.

AncientAckman

They are literally killing USPS. De minimis exemptions only for DHS, UPS, Fedex. Not for USPS

helluvastorm

Agh no the layoffs have started. UPS the Auto industry and now spreading to truckers

Individual-Habit-438

It just might be a bad sign for the economy that no matter how good UPS results are they keep getting sold down to modern lows. Somehow people are expecting a booming stock market and economy while the most bellwether company of them all is nothing but bears. I guess Mag 7 can become 100% of SPY

Individual-Habit-438

but who cares about UPS they are just a little cottage business in their own small niche of the economy

lipmanz

UPS at 12 year lows…12 years ago they had 50 B rev now 90B rev…they also had a double beat and layoffs to cut costs 🤷🏻

HighwayExotic2808

“To get people back in the workforce” *UPS announces yesterday they’re gonna lay off 20k people

PSA69Charizard

Amazon is still expanding and there exist service areas without amazon delivery drivers. Where I'm at it was all UPS until Amazon very recently built a facility nearby.

DjImagin

BULLSHIT. UPS just announced 20k are getting pink slipped because of the tariff impact on Amazon reducing their parcel loads. We’re already past the “can we/can’t we” moment for most companies feeling the direct brunt of Trumps trade decisions.

imperial_scum

It could look bad, but UPS has had a lot of this in the works for a couple years. They are always looking to trim in case of shenanigans. Sure volume is down, but it's also kinda the time of year for it to decline or shrink a bit too. I wouldn't say anything happening right now is particularly crazy or unusual. That said, it'll be quick like in 2020 when it does.

FunkyPlunkett

Yeah 20k in layoffs from UPS is a good start

elonzucks

I think the UPS 20k layoffs are clearly telling us that shit is going to go bad.

TheGhostOfStanSweet

I didn’t hear about the layoffs, but yikes. Would UPS layoffs be the perfect canary in the coal mine?

IronyElSupremo

There’s a say that “capital is cowardly” and owners of it tend to be risk averse. The problem for businesses is most consumers are “value” shoppers and will not buy stuff if price increases too much with no corresponding increase in wages. Already seeing a tariff effect in 20,000 UPS workers laid off due to a decrease in packages. B2B offers no refuge either as more companies delay capital improvements (see Super-Micro computer stock hit last night). If all this job loss expands, it will likely prompt the Fed to lower rates sooner or later, though how much and how long “depends”. Do companies who can’t work with the tariffs wait it out or go automation? So think there’s the Federal Reserve angle, but also there’s the automation angle too (robotics, AI, IoT, etc..).

Pitiful-Recover-3747

Let me ask the 20,000 laid off UPS workers what they’re ordering from Temu this week to contribute to the Greeat Patriotic Tariff Fund.

nishmen

UPS also announced mass layoffs specifically due to less amazon packages being shipped.

ga643953

Yeah, but Trump has toned down his tariff operation so the worst case scenario of US isolationism+global trade war isn't going to happen. China is also quietly whitelisting crucial goods for their own 125% tariff and Trump's doing the same but more haphazardly. Walmart is telling their suppliers to resume shipping because they're willing to eat up the tariffs themselves with their margin. Some companies like UPS are slashing jobs because they're at the forefront of the trade war, but companies that aren't (like the mag7) just slowed down their hiring, some are even reiterating their AI capex. Recession is 2 quarters of negative GDP growth and Q1 is already over. So if Q2 is negative, we are going to fall into a technical recession and bounce back instead of having a prolonged recession. If Trump didn't pivot a week after liberation day, then it would have been a lot worse.

No-Anteater5184

I’m a truck driver for JB Hunt intermodal, they just told my buddy in California that he’s getting laid off. And my other friend who’s a UPS driver got laid off yesterday. Shit is about to get real folks

CartoonLamp

UPS did that to us many years ago. Didn't expect any deliveries while we were gone, come back to two sticky notes, one left "on back porch" the other "in recycle bin." Like WTF what if we'd asked the neighbor to wheel it out for collection.

TranClan67

I remember my wife would complain about FedEx at work all the time. For some reason her workplace loved using FedEx despite all the issues it would cause. Half her worktime as Accounting Manager was to figure out why FedEx fucked up. Doesn't help that for their products her company sold, USPS would've been fine but the owners insisted on FedEx and didn't believe her that the rates were worse than UPS.

loganedwards

How many millions of US jobs will be lost this year due to the tax/tariffs that Trump put onto US consumers? Port workers Truck drivers Retail workers Small business owners/employees UPS/FedEx/USPS Not to mention the US export businesses who see their sales drop drastically due to China tariffs and other trading partners who pivot to purchasing from countries that aren't bullying them. If they're supposedly putting "America First" they should be more focused on the cost to employment and GDP to the US for Trump's huge tax hike.

Melodic_Fee5400

Bullish af. UPS $300 

DK_Boy12

The way I see it it is risky, investing in hiring, real estate and equipment for this 1, high volume low margin customer, who can rug pull you and then you are left to deal with the mess for business that wasn't bringing you profit. Amazon is building up their own logistics arm so its only a matter of time until they kick UPS to the kerb.

Fair_Philosopher575

So you expect UPS up 6% in 3 days? With nothing change in the grand scheme and fundamental? JP morgan should hire you

Whattheyeballsdid

Given the top comment on the chain is from someone saying that UPS are flying half empty planes for the last two weeks, and given the obviously true fact that orange man has taken a wrecking ball to international trade, which UPS is obviously involved in and down stream of. To claim it has nothing to do with trump is delusional tbh. Thats not to say that they may not be using the situation as cover to make other changes they wanted to make anyway...but it would be something like 80% due to tarrofs 20% was gonna happen anyway.

ChiefTestPilot87

Maybe they should trade colors with UPS

i-love-freesias

No worries. I think it’s important to invest in companies you understand and feel passionate about. I have dealt with UPS as a customer for decades. I don’t invest in tech because it’s way over my head nowadays. 

mr_stupid_face

The funny thing is I have a buddy that works at UPS that looks like Shrek. I will have him model for me in the shrek dongle pose — for science

Overall-Fold-9720

UPS : well cut 20k jobs, lower shipments because of tariffs Marketsure, don't care about the peasants jobs, but what about your margin? 

PuzzleheadedSound407

They are automating buildings. I work at UPS and have for over 20 years. I went from what was considered a big hub in my state to now the new big hub in my state. We can run about 10x my former building with half of the employees. Why should they hire people when our fancy machines can do it better? 

japan_samsus

is it as a whole or local? My UPS guys is amazing, but FedEx is shit, my parents FedEx is amazing, their UPS is shit.

MeatWaterHorizons

Yep. At least 25% of my amazon shipments come through UPS

Spara-Extreme

He's talking about the economy, not the markets. The economy is going to sustain pretty drastic job loss which started with DOGE and is rippling through small business as warehouses run out of current stock. UPS is a leading indicator of upcoming drops in raw goods being shipped, which eventually is going to make its way up the supply chain. Once mass layoffs start, and they will absolutely start, thats when we'll enter a death spiral where even lifting the tariffs won't have any immediate effect.

mikebailey

The tariffs are very bad, but it’s worth pointing out Amazon has already been divesting from UPS through their own ground service for years. This isn’t the most shocking breakup.

van_der_paul

Fifty thousand percebt tariff on parcels through UPS. Get it done Mr. Trump.

i-love-freesias

I haven’t held it before this year.  I think it’s a great stock to buy now. UPS is enormous.  The new CEO Carol Tome is a brilliant leader. I looked into buying UPS when I heard they dumped the Amazon contract. My immediate thought was good move!  Amazon is terrible to do business with.   And even with the challenges of labor unions, you get better employees and less turnover if you offer good pay and benefits and a union.  I think it’s why UPS’ customer service is exponentially better than FedEx. Their new software that guarantees you a correct cost of duties and tariffs, is brilliant and very timely. They are restructuring to focus on less customers that pay more than Amazon did. Tome was instrumental in turning a small DIY retailer into the Home Depot that it is today. This video of the CEO is what clinched it for me.  UPS is now my biggest holding in equities.  While I wait for the stock price to rise, it pays me a dividend of nearly 7%.

Cute-War-4115

UPS @ 20,000 jobs lost

steve93446

UPS should buy USPS and become UPSUSPS. Just sayin’.

Captain_Aizen

Yeah but the lower Amazon shipments haven't even happened yet, the tariffs just kicked in. How is UPS already cutting so many jobs, as if this is already been an ongoing problem

Empty_Afternoon_8746

UPS represents our economy when UPS is doing good our economy is doing good. When UPS is doing bad we are fucked!

gimlic

It’s about time UPS dropped Amazon. It’s volume that is clogging up their system. Why help Amazon take UPS customers. Make Amazon move their own work.

poopyshoes24

Been happening for years. Used to work at UPS for about 8 years myself, union and non-union, they are making zero moves to deal with the loss of Amazon over the last handful of years.  It’s a shame. Was a great place to work. Start with getting the 30+ year people out abusing union protection and make room for the younger generation imo. 

reddE2Fly

UPS...20,000 jobs gone

_Zap_Rowsdower_

FOMOing into UPS puts tomorrow.

DIYPeace

Aye. UPS’s earnings call talked about this in their projection….

Nota-downer

IMHO, Fred did the right thing to cut off Amazon early by not renewing their contract with them because Amazon made it clear they’ll eventually going to directly compete with FedEx and UPS. But UPS didn’t do that and even pursue more Amazon business, making them 20% of their revenue. Now Carol thinks that’s too much and cut down on that business stating that it’s low margin yada yada. But then she doesn’t have a clear plan to replace that ”low margin” volume with any other new business so they now they have to lay people off. Low margin, high volume business is better than no margin, no volume Small parcel shipping has always been a volume business (ie surge pricing) so I don’t know where UPS is heading.

Nameisnotyours

20k layoffs from UPS looks like a hint.

the_Q_spice

Oh, yeah that. Funny part is, because UPS doesn’t serve as many locations with flights - we have had to be chartered by them. We didn’t particularly like the new contract terms - which held us to scheduling entire flights *just* for mail… and then we’d just get the bare minimum. The contract cancellation actually saves FedEx >$1.5 billion per year.

Nota-downer

From what I was told by corporate, the contract to carry air products like the global express guarantee, priority express, etc. was given to UPS over FedEx. 🤷‍♀️

heybart

I'm confused. Headline makes it sound like their Amazon business got slashed but Amazon spox says UPS requested the reduction?

THICC_DICC_PRICC

Makes sense honestly, I’ve gone from my Amazon deliveries being 80% UPS 20%USPS to like 95% Amazon 5%UPS(almost always for those really awkward sized and large items especially)

zxc123zxc123

I think this. Many sectors will likely see a strong Q2 since consumers AND COMPANIES IN THE SUPPLY CHAIN trying to buy what they need, stocking up, doom spending, panic buying, and frontrunning the tariffs. Q3 is where the shit really hits the fan assuming we don't see things work out. That's when the stores start getting emptier as the impacts of import reductions hit, folks start seeing prices go up as sellers who didn't hike prices run out of old inventory, consumers start panic buying more creating demand, and the it compounds on itself. Q1/Q2 will likely see companies make the easy moves first like stacking inventory, cutting guidance, slight shifts in orders, etcetc. Reductions in employment like with UPS will be less likely unless they are directly impacted by tariffs like UPS. Problem is if consumer confidence dips and inventory stalls? Then more job cuts will happen. A Trump/GOP in DC also means companies won't be expecting bailouts which will lower corporate guidence/spending/investment. Said job cuts, job insecurity, and economic negativity will create a negative feedback loop.

OneDayAt4Time

Common man are losing jobs with which to buy stocks though. 20k UPS layoffs today, hundreds in govt fired, thousands in education, shipping industry is gonna be next. We have a few trade ships coming back from China empty this week. There’s gonna be a lot of unemployment, and grandma can’t shell out enough money to buy stocks if she’s paying your rent and food too

MarcatBeach

Amazon has been moving from UPS for a while. nothing to do with Trump. Amazon has been working out the problems with their own delivery service. The last UPS strike was the last leg of Amazon business for UPS.

DjCyric

Obama also left him a great economy, and Trump wasn't actively trying to ruin it all. Biden left the best economy in 60 years, and Trump's decisions to destroy it all made it come crashing down in a few months. However, things will be worse under Trump 2: Electric Boogaloo. Ships are not bringing in goods. Dock workers will get laid off. Truckers will get laid off without freight to move. Last mile delivery is already getting hammered with UPS announcing 20,000 layoffs today. Trump is cutting the US off from imported goods, and it's going to ripple throughout the entire economy. Small businesses will collapse. Farmers will lose everything. Corporations will start shedding jobs. Then, when workers file for unemployment insurance benefits, they will find out that State republican legilsatures gutted those programs too. We are quickly being pushed towards a broad-based economic collapse.

the_Q_spice

Work for FXE: We elected to exercise our right to not renew the Smart Post contract. It is more accurate to say we lost *one of* the USPS accounts - and it was one that was a money pit. We had the contract for 20 years until USPS started charging us money to make their deliveries last year. UPS picked it up from us when we ditched it last year - they didn’t even last a full year before ditching it.

Fenastus

UPS seldomly does last-leg deliveries

Corporate-Shill406

The part you're not taking into account is that Amazon pays carriers basically nothing. So UPS's profit margins are higher when they deliver fewer Amazon packages. USPS is rumored to get under $1 per Amazon package.

thelowkeyman

As someone with a little inside knowledge to the the basically the main warehouse of UPS, daily volume is down and the hundred thousands of SHEIN and Temu packages have been slowly getting less and less every day

perfectdark89

How can UPS announce such significant changes / headwinds and stock moves so little. Did they just pick the perfect number of people to lay off or what.

Ok_Commercial8094

Well I bought calls at 9:30 am and held until 2:00 pm. I was talking about UPS bro lol

Ok_Commercial8094

Well I bought calls at 9:30 am and held until 2:00 pm. I was talking about UPS bro lol

Hurstboss

In 6 months... UPS to hire 20,000 employees

gt-ca

To be clear this is likely US jobs, UPS elsewhere globally seems just fine as trade with other countries ramps up.

LigerXT5

If they are having fewer shipments, does that mean the delivery drivers have more time to wait at the door than 20 seconds? It's one thing if the shipments don't need a required signature... It's another when the shipment does require a signature, and I happen to step to the other room to sort laundry, and the driver is back in his truck before I open my front door, seconds after hearing the knock. I've had packages "not appear" while either my wife or I are always in the living room. We've had to setup a camera to keep an eye on the front. My old apartment, I caught it on camera at least three times... The driver (UPS and Fedex) walk up, knock, 5 seconds later they turn around and walk away. I've literally caught the drivers crossing the middle of the street, as the item I was waiting for, was about to head back to processing for tomorrow. Mind you, processing area is over an hour drive away, I can't call and stop by to pick it up, like I can with Postal. I love how we get notices the package will arrive "today" between 1pm and 8pm. We're (wife and I) stagger our work schedules, almost always someone is home. Yet we've found UPS deliver notes stuck to our door. Wife's desk is maybe 3 feet from the front door, I'm another 8-10 feet. There's no reason we "didn't hear the knock". One reason I'm tempted to give in and get a battery powered, wireless, door bell...rather not go wireless, but need someone to help run the line, lol.

CokePusha69

I see the Amazon guy much more often than I do the UPS guy

DanielGONZZZ

UPS already announced layoffs due to expectation of less deliveries.

Reaper621

I have a buddy who's pretty high in UPS. He says it's mostly just cutting out less profitable stuff like shipping for Amazon and temu.

the313andme

I think markets generally believe once bad economic numbers and main street pain start hitting, that the US will fold on all tariffs, which would be par for the create crisis-solve crisis-do victory lap playbook that this administration seems to love. That's my expectation, and so far, that's been the case. Essential just-in-time goods like "chips" and phones have already been exempted because the supply chain is such that you only have a couple of weeks' worth of stuff here before we need more overseas components. My company imports relatively simple electronics devices, and UPS got our latest order waived under the chips exception, even though it's only a tiny part of the entire product. Even before the loopholes like the one my company used, this exemption already cleared like 29% of the $ volume from the tariffs. At the end of the day my guess is you'll see everything watered down to nothing with some cursory deals struck with nations we don't really do a bunch of trade with, and China not capitulating one inch unless it's a deal in its own interest that the administration can spin to its followers as a win.

vivificant

Not that I agree with the tariffs, but this was a planned reorg by both UPS and Amazon, blaming it on tariffs is just a conveniently timed excuse

im_a_squishy_ai

That's not what we're seeing now. It appears the same but it's not. This is the "dead cat bounce" brought in by the pause. But the tariffs even under the pause are still high enough to cause massive changes in layoffs, that just takes time to materialize. Look at the UPS layoffs, look at Mack truck layoffs, look at shipping volumes tanking at the port of LA. These are your canaries in the coal mine. It'll take some time, but the drop is coming. Trump has no deals, no one is going to negotiate with him, he has no clear objective for people to negotiate on. He even said last week the "reciprocal" tariffs are likely coming back sooner, he said 2-3 weeks lol. The market is just running on hopium, once reality hits, things will change

helluvastorm

Well we lost 20,000 at UPS today. Just the beginning

steve_yo

Why? If you’d held it for the last 5 years you’d be down 4% vs up almost 100% on the S&P. I wonder what the bull case is for UPS going forward?

macaronysalad

From the article you posted: >In a Tuesday regulatory filing, UPS said the cuts are in "connection with our anticipation of lower volumes from our largest customer." ?

MetalRobotBerry

I work at one of the largest UPS hubs in the nation. Employees with low seniority are already being let go. We have almost no volume and Sunrise has even less. The only thing keeping us here longer than 3hrs every day is the USPS volume that we handle. This used to be a 24hr facility. There was 4 shifts, Sunrise, Day, Twilight, and Night. Night has been gone for a few years now, and it's being talked about that Sunrise will be eliminated as well, nobody knows for sure, though.

FocusedRocket

How is the market up UPS and other company are laying off people by the boat load 🚤

Pitiful-MobileGamer

I wonder how much of the lost shipment revenue is due to the cross border de minimus (section 321) e-commerce fulfillment strategy being blown apart by the Trump administration. UPS completely overhauled the Buffalo / Niagara gateway to accommodate the mass of daily volume of shipments arriving from Canadian fulfillment centers to enter the UPS courier Network. Wonder how to FedEx is doing?

noplanman_srslynone

Not at all:) Also bought UPS today so what do I know.

softboiledjadepotato

\+ UPS announces expecting to fire 20,000 employees.. and SPY continues algo pumping