Amazon, UPS and Other Major Companies Are Making Big Job Cuts. Is AI To Blame? [Yahoo! Finance]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: Yahoo! Finance
Researchers examining labor market data have so far found AI's impact on jobs to be limited. Some analysts say companies may be "AI-washing" layoffs—blaming AI to distract from deeper problems. The labor market limped into 2026, and big layoff announcements in recent weeks have added fresh anxiety to the fragile jobs picture. Amazon.com ( AMZN ) said it plans to eliminate about 16,000 corporate roles, while United Parcel Service ( UPS ) announced 30,000 new job cuts, following an even larger reduction last year. Chemical manufacturing company Dow ( DOW ) slashed 4,500 jobs, or roughly 12% of its workforce, while Home Depot ( HD ) and Nike ( NKE ) each cut hundreds more. For many workers, the fear isn't just about layoffs—it's about why they're happening. A recent Reuters/Ipsos poll found that 71% of Americans worry artificial intelligence could permanently replace their job. With AI frequently cited in corporate earnings calls and layoff announcements, it's easy to connect
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News
- Job cuts are highest for any January since 2009. See why. [USA TODAY]USA TODAY
- US weekly jobless claims increase more than expected [Yahoo! Finance Canada]Yahoo! Finance Canada
- The 5 Most Interesting Analyst Questions From United Parcel Service's Q4 Earnings Call [Yahoo! Finance]Yahoo! Finance
- 2 Profitable Stocks with Exciting Potential and 1 Facing Headwinds [Yahoo! Finance]Yahoo! Finance
- Jim Cramer Says United Parcel Service (UPS) is a Great Dividend Stock [Yahoo! Finance]Yahoo! Finance
UPS
Earnings
- 1/27/26 - Beat
UPS
Sec Filings
- 2/6/26 - Form 8-K
- 2/6/26 - Form 4
- 2/6/26 - Form 4
- UPS's page on the SEC website