"You're In For A HELL Of A Fight" – UPS & Teamsters COLLIDE Over 20,000 Layoff FALLOUT
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 3 May 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
UPS is cutting 20,000 jobs and closing 73 facilities—but it’s not just tariffs. Pat and Tom break down the real reason: bad deals with Amazon and the Teamsters. With Amazon pulling back and labor costs soaring, Big Brown is feeling the heat. Here's the untold story.
Transcript
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| 0:00.0 | UPS cutting 20,000 jobs due to fewer Amazon shipments. |
| 0:04.6 | Okay, here's another story. |
| 0:05.7 | By the way, these stories are real. |
| 0:07.4 | I'm not telling you they're not real. |
| 0:09.1 | But the CEO's job is to tell the story in a complete different way. |
| 0:13.3 | UPS announced that will cut another 20,000 jobs, roughly 4% of its workforce, and close 73 facilities to reduce costs, this decision stems |
| 0:22.9 | from a significant reduction in shipment volumes from its largest customer Amazon, which |
| 0:27.6 | accounted for 11.8% of UPS overall revenue in 2024 and broader economic uncertainty due |
| 0:33.4 | to Trump's administration tariffs, right? CEO Carol Tom stated, the actions we are taken to reconfigure our network and reduce |
| 0:40.8 | a cost across the business could not be timelier. |
| 0:44.6 | The job cuts follow UPS's January statement with Amazon to reduce Amazon's shipping volume by 50% by the second half of 2026, |
| 0:51.6 | alongside a slowdown in global trade impacting parcel delivery firms. |
| 0:55.5 | Additionally, UPS faces reduce volume from China-linked e-commerce platforms. |
| 1:00.2 | Temu, Shane, after U.S. tariffs were imposed on previously duty-free goods under an $800 threshold. |
| 1:07.3 | Tom, thoughts on this. |
| 1:08.5 | I got a couple thoughts on this. |
| 1:09.7 | Go for it. |
| 1:10.6 | So first of all, UPS made a bad deal with Amazon. |
| 1:14.3 | They wanted all that Amazon volume and they made a bad deal. |
| 1:17.9 | It's an unprofitable deal. |
| 1:19.7 | Wall Street Journal. UPS will fire 20,000 workers and the Wall Street Journal tells the truth. |
| 1:24.9 | It isn't why you think right there in the headlines. |
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