Location: Dallas, TX.
Department affected: delivery drivers.
Based on news reporting.
United Parcel Service, Inc. (UPS) has begun notifying its delivery drivers about an optional buyout program. This initiative is aimed at providing drivers with an opportunity to leave the company voluntarily. While the specifics of how many employees may take advantage of this program are not disclosed, it reflects UPS's ongoing adjustments to its workforce. The buyout program is part of UPS's strategy to manage its operational costs and adapt to changing market conditions. Details regarding the timeline for this program have not been specified.
United Parcel Service, Inc. cut 20,000 jobs affecting its delivery drivers team.
That is roughly 4% of the 500,000 people United Parcel Service, Inc. employs.
LayoffTalk has tracked 36 layoff events at United Parcel Service, Inc. since October 2023, affecting a combined 155,017 employees.
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Estimated figure based on news reporting. Not yet confirmed by United Parcel Service, Inc..
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