UPS to Cut 12,000 Jobs Amid Slowing Business

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 30 January 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

P.M. Edition for Jan. 30. UPS is the latest big company to trim its ranks, announcing plans to cut 12,000 workers this year. And global defense industry reporter Doug Cameron breaks down why some big defense companies are passing on deals with the Pentagon. Plus, reporter Peter Grant explains why the commercial real-estate crisis is reaching elite office buildings. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:21.8	or lower case.
0:23.0	That's Shopify.
0:24.0	Co-DeeK slash Special Offer.
0:27.0	UPS plans to cut 12,000 jobs this year amid a slowdown in business.
0:33.6	And even elite office buildings are getting caught up
0:36.6	in the commercial real estate crisis.
0:38.4	Companies have given up essentially bringing back workers
0:41.9	five days a week.
0:43.4	So if that's the case, why pay up these amazing amenities
0:48.3	when it's not going to work in bringing employees back five days a week?
0:52.4	Plus why more big defense contractors are saying no to the Pentagon.
0:56.0	It's Tuesday January 30th.
0:58.0	I'm Anne Marie Fertoli for the Wall Street Journal.
1:01.0	This is the PM edition of What's News, the top headlines and
	...

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