UPS announced that it has laid off 48 employees.

UPS's Third Quarter Report

The American shipping giant UPS has shared its financial report for the third quarter of 2023 with the public. The company's revenue for this period was stated to be 21.4 billion dollars.

Earnings Per Share

According to UPS's announcement, the earnings per share were recorded as 1.74 dollars. This figure is an important indicator of UPS's financial performance for investors.

Transformation Strategy and Layoffs

The company made a significant decision as part of a transformation strategy aimed at increasing operational efficiency. In this context, approximately 14 thousand people, including managers, were laid off. Additionally, the operational workforce was reduced by 34 thousand people.

Thus, a total of 48 thousand people were laid off by UPS throughout 2023. These steps aim to help the company respond more quickly to market dynamics and reduce costs.