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AI Is Driving More Layoffs than Companies Want to Admit

(Bloomberg) United Parcel Service Inc.’s largest layoffs in its 116-year history were made possible, in part, by new technologies including artificial intelligence, CEO Carol Tomé said last week. Citing one example, she said that machine learning allows salespeople to put together proposals without having to ask pricing experts for guidance.Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaZaluzhnyi Leaves as Ukraine’s Army Chief Amid Deepening RiftEpstein Co ....

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Less than year after worker contract agreement, UPS says it will cut 12,000 jobs

After falling short of Wall Street revenue estimates Tuesday, UPS said it will cut 12,000 jobs. ....

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UPS delivers 12,000 job cuts to management months after historic deal for unionized drivers—yet another sign the pendulum is swinging toward blue-collar workers

At UPS and throughout the workforce, it’s a bleak time to be a white-collar worker. But many blue-collar jobs are still essential. ....

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Layoffs in 2024: PayPal cuts 2,500 jobs, UPS to let go of 12,000 employees

Payment platform PayPal is planning to cut around 2,500 jobs while United Parcel Service Inc (UPS) has also announced to let go of 12,000 employees. ....

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UPS to cut 12,000 jobs nationwide following poor 2023 performance. Here's what to know

Following a difficult 2023, UPS expects to cut 12,000 jobs worldwide this year. Here's what we know ....

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