Submitted 20 hours ago by return2ozma@lemmy.world to workreform@lemmy.world
https://www.newsweek.com/ups-mass-layoffs-as-48000-jobs-cut-10951313
UPS said the layoffs were part of a broader effort to cut costs and reshape the company to better adapt to shifting market dynamics, as executives face pressure to stem a long-term decline in the share price, which has fallen by more than 20 percent this year.
UPS shares rose following Tuesday’s release, and were up over 7 percent at the time of writing.
No directive for profits or long term competitiveness, just share price. The whole system is just a big casino following social trends rather than any core fundamental goal to drive society towards better and less expensive services.
Fucking ghoul stockholders.
Say it with me everyone:
Not a recession!
If you say it over and over, it must be true!
Yes, the economy is clearly doing well, thank you Orange Man.
its_kim_love@lemmy.blahaj.zone 18 hours ago
Just in time for Christmas.
KentNavalesi@mstdn.social 18 hours ago
@its_kim_love @return2ozma
We need some real movement politics, and quick.