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Do you find that your team members in India take more sick days than US? On my team in the US, we work from home if we get a cold but are generally still able to work. Being too sick to work happens to each of our US team maybe 1-3 times a year. My team in India takes 1-2 sick days per month. Are they actually too sick to work and that level of illness is more common? Or is there a cultural difference that you don't work if not feeling well?
People being let go bc of comparing performance against peers is bs. upgrading the team? how come other rigorous fields (investment banking, medicine, Big Law, oil & gas engineering, trading firms, etc) don’t feel the need to do this, yet they have the right people the teams need every year 😂 consulting isn’t the most rigorous/difficult/or prestigious career. just say it’s for the greed of the firm, at the cost of unempathetically uprooting employees lives & at least you’ll be honest.
These numbers are insane. 48,000 at UPS. 14,000 at Amazon. It’s so frequent that I forgot 15,000 by Microsoft. Banks like JP Morgan and Goldman have said that they plan to keep their headcount flat in near future.
The holiday season is going to be a nightmare again this year.
Just two years ago people in this bowl were using UPS as an example of exceptional pay with job protections and that it should be the model the riot towards unionization. So much for that...
I also think many of these companies are still going through a correction from the post-pandemic hiring spree.
But UPS stock was seemingly performing poorly. It fell back to pre-pandemic level. Amazon was another story as it seems to be doing well.
SC1 The UPS was mostly Operations, not Admin, and that is a BIG difference. I get that their industry/business is changing a lot but….
UPS revenue growth has been deaccelerating since early 2021.
Who are they firing? Are they expecting fewer parcels to need delivery?
UPS lost a lot of revenue with Amazon moving deliveries in-house and tariffs, along with the end of de minimis.
This becomes a circular firing squad pretty quickly. Less jobs means less demand means less jobs. All while a couple of billionaires who amassed computing power and trained their models to scrape and steal the sum total of human thought then profit from it. Doesn't take a genius to figure out why they're all building island bunkers!
Like all disruptions it will create far more than what it takes this is normal disruption The world is not burning down