US EditionAre UPS layoffs because of Trump's tariffs? What we know
- On April 29 and 30, 2025, several major companies including UPS announced significant job cuts and revised or pulled their 2025 forecasts amid global trade policy uncertainty in the U.S.
- These actions stem from continued tariff volatility initiated by President Trump's sweeping tariffs in early April, followed by partial rollbacks and persistent uncertainty about final trade terms.
- Executives at UPS, GM, Adidas, and Electrolux highlighted how tariff uncertainty and reduced consumer demand disrupt planning and hurt profitability across industries like automotive, shipping, and retail.
- UPS CEO Carol Tomé explained the company’s 20,000 job cuts and building closures reflect a “highly uncertain” environment driven by automation needs and a 16% decline in Amazon shipping volume.
- The corporate responses and lowered forecasts indicate continued economic strain from trade policy uncertainty, with possible prolonged impacts on consumer spending, investment, and broader economic growth.
12 Articles
12 Articles
UPS Layoff Crisis, Area 51 EXPOSED, Trump for POPE?! | PBD Podcast | Ep. 582 - Valuetainment
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TRUMP TARIFFS: UPS cutting over 20,000 jobs due to ‘new tariffs’
April 29, 2025 (USA)~The United Parcel Service (UPS) is expected to reduce its workforce by roughly 20,000 during 2025, citing “new or increased tariffs” and “changes in general economic conditions in the U.S. or internationally” for the cuts. UPS announced the layoffs April 29 in its first quarter earnings report, in which the parcel delivery service said it made consolidated revenues of $21.5 billion, compared to $21.7 billion around the same …
GM delays investor call, UPS axes 20,000 jobs as Trump's tariffs create corporate chaos
The fallout from U.S. President Donald Trump's trade war reverberated further through the corporate world on Tuesday, as delivery giant UPSUPS.N said it would cut 20,000 jobs to lower costs, while General MotorsGM.N pulled its outlook and pushed its investor call to Thursday pending possible changes to trade policy.
UPS slashes 20,000 jobs as Trump trade war rattles corporate world | Honolulu Star-Advertiser
FRANKFURT/STOCKHOLM/DETROIT/LOS ANGELES >> The fallout from President Donald Trump’s trade war reverberated further through the corporate world today, as delivery giant UPS said it would cut 20,000 jobs to lower costs, while General Motors pulled its outlook and pushed its investor call to Thursday pending possible changes to trade policy.
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