UPS(US:UPS) 程序员的那些事·2025-11-02 04:18Core Viewpoint - UPS is undergoing significant restructuring, including substantial layoffs and a reduction in its operational footprint, primarily due to a decrease in business from its largest client, Amazon [5][6]. Group 1: Layoffs and Operational Changes - UPS has cut a total of 48,000 jobs this year, exceeding previous expectations of 20,000 [2][6]. - The layoffs include 34,000 positions in operations and 14,000 in management, alongside the closure of 93 operational buildings [3][5]. Group 2: Business Transformation - The reduction in workforce and operational sites is part of UPS's deep adjustment to its business structure, particularly in response to declining shipping volumes from Amazon, which fell by 21.2% year-over-year in Q3 [5]. - UPS has agreed to reduce the volume of Amazon shipments by over 50% by the second half of 2026 [5]. Group 3: Financial Performance - Despite the restructuring challenges, UPS reported Q3 earnings that surpassed Wall Street expectations, with adjusted earnings per share of $1.74 compared to the expected $1.30, and revenue of $21.4 billion, exceeding the forecast of $20.83 billion [7]. - The transformation plan has already saved the company $2.2 billion, with a target of achieving $3.5 billion in annual cost savings by 2025 [8]. Group 4: Strategic Initiatives - UPS is actively seeking to adapt to the changing environment by initiating property sale-leaseback transactions, generating $330 million in pre-tax income for its supply chain division [8]. - The company is also integrating artificial intelligence into its operations to manage the increased volume of customs declarations [8]. - UPS's CEO has indicated readiness for the upcoming holiday season, aiming to achieve the most efficient operations in the company's history while maintaining industry-leading service standards [8].