Times are tough in Joe Biden’s America. Unemployment, while down according to Biden, is actually a misrepresentation as labor participation is suffering post-COVID, inflation is still sky high compared to the trump years, and costs have yet to go down on major necessities like food and fuel. Needless to say, it has been a tough few years to be an American consumer.
Businesses have also been affected by Biden’s poor economic policies. Jobs in the energy sector have been sacrificed in favor of green energy, and the rising of the minimum wage in some states has caused fast food joints to lay people off to stay competitive. For larger corporations, increased crime has caused retailers like Walgreens and Nordstrom to shutter stores and sacrifice jobs. Companies like Tesla and Daily Wire have ditched woke Blue states in search of more greener, or as the case may be, redder pastures in Red states.
On Tuesday, a major American employer announced it was cutting thousands of jobs just weeks after agreeing to a record-setting deal with their Union. United Parcel Services said they plan to cut 12,000 jobs after failing to hit earnings forecasts for the fiscal year. The revenue decline was steep.
UPS is claiming more than $9 billion in declining revenue, blaming “dynamic external and economic conditions” for the losses in 2023. Chief Executive Carole Tome said 2023 was “a unique and difficult year.” Tome went on to say the company will “remained focused on controlling what we could control, stayed on strategy and strengthened our foundation for future growth.”
While that could be a nondescript way of saying the company has to shed costs due to the new Union contract, UPS is claiming there is no connection. Of the 3,000 jobs being sacrificed, none are Union, and it is reported that most of the 12,000 job cuts will be full- and part-time management positions and contract roles. No employees represented by the Teamsters have been affected by the cost-cutting efforts.
The layoffs will affect less than 3% of the company’s massive workforce, and since most jobs are management positions, customers shouldn’t expect any interruption in service or delays in deliveries. Still, any loss of jobs, even bloated, top-end jobs, is reason for concern, not to mention the massive decrease in revenue.
The company, nicknamed “brown,” says it will continue to “align staffing in our operations to the needs of our business” and will offer severance packages and employment assistance to displaced workers. Additionally, the company hinted that it may be interested in selling off the wing called Coyote, the truckload freight broker it purchased in 2015.
UPS isn’t the only company cutting jobs. Amazon, Google, iRobot, Citigroup, the Los Angeles Times, and Sports Illustrated are just some well-known companies shedding employees and costs. Job loss and reduced revenue are just a couple of the calling cards of the Biden Administration. It remains to be seen if America has seen enough yet, but if folks start having packages delayed, it could move the needle considerably in November in favor of former President Trump.
"*" indicates required fields