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UPS offers buyouts to drivers as it shutters 73 sites, laying off 20,000 jobs (www.usatoday.com)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] 16 points 1 week ago* (last edited 1 week ago)

Just on the surface, this is probably related to loosing the exclusive contract for Amazon deliveries.

Edit: yup, 2nd paragraph

[–] [email protected] 14 points 1 week ago (1 children)

The dominoes are picking up speed.

[–] [email protected] 1 points 1 week ago (1 children)

What do you mean by this?

[–] [email protected] 0 points 1 week ago (1 children)

Economic collapse or UPS bankruptcy.

[–] [email protected] 5 points 1 week ago

This is mostly the result of the build up of Amazon and Walmart own delivery networks. A 44% increase last year compared to the year before. This will effect all B2C logistics firms.

You weren't the individual I was asking, though. Just trying to see if they had any other insights.