UPS Lay Off Over 12,000 Employees

Bidenomics has struck once again.

UPS has announced they will lay off over 12,000 employees in a desperate attempt to align their resources.

Wall Street has reported UPS’s drops in shipping volume have put the company in a tough position.

UPS plans to lay off employees both domestically and internationally.

The CEO of UPS, in a statement, shared, “2023 was a unique, and quite candidly, difficult and disappointing year. We experienced declines in volume, revenue and operating profits and all three of our business segments.”

JUST IN: UPS has announced that it will be eliminating approximately 12,000 jobs in an effort to reduce costs at the company by $1 billion. https://t.co/5g2AvYfp3i pic.twitter.com/yS1MUsSOSQ

— ABC News (@ABC) January 30, 2024

Per CNBC:

UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically, in its fourth-quarter earnings report. The company also announced 12,000 layoffs as part of an effort to align resources in 2024.

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The workforce reductions will save the company about $1 billion in costs, CEO Carol Tomé said on a company earnings call.

“2023 was a unique, and quite candidly, difficult and disappointing year. We experienced declines in volume, revenue and operating profits and all three of our business segments,” Tomé said.

Adjusted earnings: $2.47 vs. $2.46 per share expected, according to LSEG, formerly known as Refinitiv
Revenue: $24.92 billion vs. $25.43 billion expected
For the last three months of 2023, UPS reported net income of $1.61 billion, or $1.87 per share, compared with $3.45 billion, or $3.96 per share, a year earlier. Adjusting for one-time items related to pensions and intangible assets, UPS earned $2.47 per share.

Revenue declined 7.8% to $24.9 billion from $27 billion last year.

BREAKING: UPS, $UPS, to cut 12,000 jobs after what its CEO called a "difficult and disappointing" year.

The company has stated that they are looking to cut $1 billion of annual costs.

UPS stock is currently down 6% after the announcement.

Over the last 3 months, layoffs have… pic.twitter.com/zA4Laq9FPL

— The Kobeissi Letter (@KobeissiLetter) January 30, 2024

Per CNN:

UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs.

The job cuts come as UPS issued a disappointing sales outlook for this year, saying it expects global revenue of between $92 billion to $94.5 billion. That would be up from the $91 billion in revenue it reported for 2023, but analysts surveyed by Refinitiv had been expecting revenue of at least $95.6 billion.

UPS lost business last year as customers concerned about a possible strike by the Teamsters shifted shipments to rival carriers, such as FedEx. Although UPS said it expects to get most of that business back, it had won back only about 60% of that lost business.

UPS said it has about 85,000 managers as part of its global workforce of nearly 500,000 employees. It has more than 300,000 hourly US workers represented by the Teamsters union.

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But here’s the good news: If you’re affected or just down on your luck, I might be able to help you!

Because guess who’s NOT laying people off?

Guess who is in HIRING mode?

Me!

Noah!

Your humble correspondent!

We’re growing faster than I can keep up with.

Maybe I can help you?

If you’ve been impacted by layoffs, or just got fired….or….if you have a job but it doesn’t pay enough, then this is for “YOU”.

The layoffs are really getting bad out there.

You may not work at any of those places….

In fact, odds are you probably don’t!

But the layoffs start there and then spiral across the country.

And I know many of you reading this have ALREADY been laid off or fired from your job.

Many more are to come.

So….that’s why I’m publishing this.

Can I help you?

Very possibly….yes!

In fact, I tell you this because this is MY story.

And deep down it’s probably your story too.

You see, it doesn’t even have to be a layoff.

It may just be that you’re very unhappy with where you’re at in life.

Unhappy with your job…

Unhappy with your future prospects….

Not crazy about doing what you’re doing for the next 30 years and getting a cheap watch as a gift when you retire.

Oh I have a feeling that my story is going to resonate with you.

You see, I believe deep down we all know we were created ON purpose and FOR a purpose.

A God-given purpose.

Something we were created to do in this world better than anyone else.

Sound crazy?

I don’t think so.

I think every single one of us has greatness inside of us…and a calling to live the life God created for us!

Not to live someone else’s life.

Definitely not to live a life for your boss or for your job!

How sad is that?

It reminds me of one of my favorite memes:

But as always, there is TRUTH in comedy.

It’s what makes comedy funny, because we can all relate to the underlying truth.

So here’s where it gets really personal.

I didn’t learn that until I was in my 40’s.

I wish I’d learned it earlier.

And I’m telling you because maybe I can help YOU learn it earlier in life.

When I started this mission of the WLTReport back in 2015, I was finally doing MY thing.

Not living for someone else…

Not just punching a clock…

Not just moving papers around into a folder in a beige office for 40, 50 or 60 hours a week.

No.

I was finally doing what God created ME to do…and I was changing the world (in my own little way) at the same time.

If you’ve never been in that position, I can’t quite describe it to you but it’s magical.

Suddenly, you don’t need coffee or extra motivation to get through the day.

Suddenly, when you’re living out YOUR purpose you have all this natural energy and “work” doesn’t seem like work.

You go from watching and waiting for the clock to hit 5:00 so you can go home to wondering “where did that day go, I could use another 12 hours!”

People ask me all the time how I get so much done around here and they’re fearful I’m going to “burn out”…

Nothing could be farther from the case.

And to quote my friend Christopher Greene, “I’d much rather BURN out than RUST out.”

Let that one sink in a bit.

I believe in this so much and I believe I can help a lot of people who are reading this so much that I actually recorded this video.

This is me, totally from the heart.

Please enjoy (and then if anything in this video resonates with you, scroll down and I will tell you how I might be able to help you too):

I Had a Job, Once…
👇 pic.twitter.com/fINRaHEOcO

— DailyNoah.com (@DailyNoahNews) April 8, 2023

Backup here on Rumble:

Now, if ANYTHING I said in that video gave you that little shock of adrenaline or that gut feeling that connected with your soul, I want you to keep reading…

I want to be very clear upfront about a couple of things.

One, I’m not trying to sell you anything.

And two, I’m not telling you to quit your job or make any drastic change.

I’m just a guy who finally found how to live for the passion God placed inside of me, and if I can help some other people along the way I want to do it.

Fair?

Ok.

So in addition to my mission here at WLTReport, I’ve also been working on this second mission that I started talking about last month.

It’s like Mission x Mission for me…Mission Squared!

And I’ve got about 100 people in my “Inner Circle” who have jumped aboard and are doing it with me and they’re absolutely loving it.

The truth is I’ve been blown away in the past few weeks by the comparison of what we’re doing with this new mission and everything else happening in the world right now.

I’m sure you’ve seen all the headlines.

As I type this, banks are failing…

Banks are being shut down…

Bank Runs are threatening to spread across America…

Big companies are doing mass layoffs…

Tens of thousands at a time, Wave 1, Wave 2, Wave 3, they just keep coming!

All the big names are doing it and no one seems immune: Google, Amazon, Facebook, Walmart, McDonalds, Wells Fargo it’s everywhere!

There’s definitely not a lot of “confidence” or “certainty” anywhere in the system right now.

And yet in the midst of all of that, then I huddle up with my Inner Circle and they’re receiving paychecks!

Life-changing paychecks in many cases.

That’s not my words…

Let me share with you a personal message I received from one person in my Inner Circle.  

I’m withholding her name for privacy purposes but she did give me permission to share this.

Read this and try to not let a tear come to your eye as you realize in her own words: “I did not have a Plan B…”

Read here: