Global logistics leader UPS (United Parcel Service) said on Tuesday (28th), when announcing its third-quarter financial, that it has cut 14,000 management positions and 34,000 operational positions (including logistics and warehousing personnel) this year, a total of 48,000 positions have been cut through early retirement and layoffs.

Before this, UPS announced in April that it planned to lay off20,000 people, and the actual manpower cut seems to be more than twice the initial declaration.

According to reports from the Wall Street Journal, Investedia and other foreign media, UPS announced on the 28th that its third-quarter revenue was $21.4 billion, and its earnings per share was $174, better than the $20.9 billion and $1.32 billion expected by Wall Street analysts. In terms of financial forecasts, UPS expects its fourth- sales to reach $24 billion, also better than the market's expected $23.6 billion.

In recent years, UPS has faced challenges such as a in freight demand after the pandemic and rising labor costs. Since the beginning of the year, it has been continuously optimizing operational efficiency and the distribution network to reverse the decline and improve profitability

UPS pointed out that various cost-saving measures have saved the company about $2.2 billion in costs so far this year, and the annual cost-saving rate expected to reach $3.5 billion. The company also said that thanks to the improvement in automation, it was able to reduce the recruitment of temporary workers during the autumn and holiday.

UPS announced at the beginning of the year that it plans to reduce its business volume with its largest customer, Amazon, by half by the middle of 206, mainly because the profit margin of Amazon's business is too thin, which is not conducive to the healthy development of its own transportation network.

The US is increasingly trending towards a bipolarized situation. While tech giants like Microsoft and Amazon are seeing their stock prices soar on the wave of AI and investing huge capital in building AI centers, they are repeatedly laying off staff.