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UPS, Amazon
UPS plunged after saying it'll deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'
UPS is cutting its business with Amazon in half by the middle of next year due to profitability concerns, CEO Carol Tomé said. Shares plunged.
UPS Stock Plunges on Plan to Halve Amazon Deliveries
UPS is breaking away from Amazon.com. The package-delivery company said it was cutting volumes from its largest customer by half, and warned its revenue would come in about $6 billion lower than Wall Street expected this year.
UPS shares tank 17% after weak guidance, plan to slash Amazon deliveries by more than half
UPS has shifted away from less profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.
Amazon Cuts Dozens of Corporate Jobs
Amazon’s latest job cuts impact corporate communications and sustainability employees
Two of Amazon's Seattle headquarters towers rise above the Spheres. (GeekWire File Photo /) Amazon laid off employees in its communications
Amazon Cuts Dozens of Corporate Jobs in Latest Round of Layoffs
Amazon.com Inc. is laying off dozens of people in its communications department, the latest culling of the corporate workforce amid executives’ efforts to cut costs and reduce bureaucracy.
Amazon (NASDAQ:AMZN) Undertakes Another Round of Layoffs
Amazon (AMZN) has initiated another round of layoffs as part of its ongoing efforts to streamline operations and reduce costs. As per the
2h
UPS Stock Falls After Amazon Business Cut
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
5h
Big Retailers Find Big Profits Imitating Amazon’s Ad Business
Amazon may have started in retail, but its biggest profits now come from advertising and cloud computing, with rivals ramping ...
6h
UPS says 2025 revenue to slide on fewer Amazon deliveries; shares drop
United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, ...
2d
on MSN
Whole Foods CEO’s role expands to oversee Amazon’s entire worldwide grocery initiatives
Jason Buechel will expand his role to oversee Amazon’s Worldwide Grocery Stores business, including Amazon Go convenience ...
2d
Amazon Prime Security Warning As Hackers Strike—What You Need To Know
Amazon Prime customers have been warned of a new hacking campaign that could cost them dearly—here’s what you need to know.
1d
on MSN
Amazon slashed the price of these Anker wireless earbuds to $20
The Anker Soundcore P20i true wireless earbuds are already affordable at their original price of $40, so don't miss this ...
1d
on MSN
Lawsuit accuses Amazon of secretly tracking consumers through cellphones
Amazon.com was sued on Wednesday by consumers who accused the retailing giant of secretly tracking their movements through ...
1d
on MSN
Amazon deal of the day: Our favorite budget earbuds are down to just $20
Got retail therapy on the mind? Head over to Amazon to save some money on your splurges. Whether you're looking for a ...
1h
Amazon has this REDTIGER 4K wireless dash cam with night vision on sale for only $80 in a secret deal
Amazon has this REDTIGER 4K dash cam on sale with an extra $20 discount available that drops the price even lower. Here's the ...
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