UPS lays off 12,000, RTO 5 days a week
For those thinking of leaving tech… https://www.bloomberg.com/news/articles/2024-01-30/ups-to-cut-12-000-jobs-bring-workers-in-five-days-a-week
So they ask employees to come in 5 days a week and at the same time announce layoffs. What a hit to employee morale. People will be going to RTP0 5 days a week praying everyday that they arent laid off
The RTO 5 days was announced earlier in the month. The morale was already low
What percentage of UPS's 500,000 global employees are office based? I'm assuming it's less than 10%. Why does your geriatric CEO think 5 days a week RTO will make a difference?
I know some people that work here. Middle management is absolute trash. So much waste on tech vendors that are leeching off the company, and very old school boomerism mentality. It's a damn shame.
Agreed. I worked for Sapient tech vendor who was fleecing UPS while delivering offshore garbage and egregious tech debt thx to the “brilliance” 🙄 of Nigel Vaz (an absolute piece of shit human)
Who is this “piece of shit” human?
Don’t worry the drivers are unionized. Their 200k tc is safe
$170k TC for tenured senior drivers
Inclusive of benefits and company retirement contributions. Would you drive a truck without air conditioning for 8+ hrs every day for 20+ years to get to $120k salary?
Isn't this seasonal? Hire temp for the holidays.
Nope. Prolly going to be non-ops. Its already been said too much is being spent on those resources
The actual core workforce there is unionized so unless ups goes belly up, they will be fine
Unions don't guarantee jobs. They are about working conditions for those that have jobs. They can still be RIFed
Worked there many years ago, in management. UPS might one of the few jobs where the internal perception is that the rank and file have it better than the management class. We routinely got bent over backwards having to extend ourselves in all kinds of ways for no extra pay while the salaried workers could nickle and dime their way to high salaries with the protection of the union
So you're living proof that we should unionize
Apparently, economists are calling this a “rolling recession” where layoffs are cycling through industries one at a time, rather than all at once
Clever way to shift the narrative
If any of the 12K UPS workers see fitting roles at TikTok … I’m here to refer them
I thought UPS employees were in a union and they weren’t able to just take away WFH like that? Could’ve sworn I saw someone many months ago bragging about working UPS and their WFH was safe due to union
Only the full time drivers and warehouse workers. Seems like this cut is more focused on white collar roles and temps
Broad economy is in trouble. Maybe market is propping it for election year.
Yeah, I guess if you ignore all metrics on how the economy is actually doing and only look at layoffs to get back to normal employee counts or get a sweet bonus for CEOs, the economy IS in trouble. Totally.
They are saying that its the result of people going to the store more. So while UPSs revenue is down, retail revenue should not be down.