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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.

likesmart

The holiday season is going to be a nightmare again this year.

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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...

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I also think many of these companies are still going through a correction from the post-pandemic hiring spree.

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UPS revenue growth has been deaccelerating since early 2021.

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Who are they firing? Are they expecting fewer parcels to need delivery?

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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!

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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 lost a lot of revenue with Amazon moving deliveries in-house and tariffs, along with the end of de minimis.

Like all disruptions it will create far more than what it takes this is normal disruption

The world is not burning down

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Who is still in denial about a housing correction? The Fed just made another .75% increase. Powell said they won’t stop until inflation is 2%. He also said a recession would be better than the consequences of unchecked inflation. He announced he will bring rates to a “restrictive level” until “the job is done”. He said that labor demand needs to soften (ie: layoffs). He very explicitly said he wants to slash demand and that housing needs a “correction”.

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Hello,
I work in SAP Data Migration space.
Can anyone explain the difference between PWC SDC, PWC AC and PWC India?

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1. PwC AC is offshore counterpart of PwC US. Good salary. No travel opportunities. Average yearly hike ~10% Mostly technical work.
2 PwC India is a pure consulting firm. Salary better than PwC AC. client facing work. Can grow as a management consultant. Great Travel opportunities.

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likehelpful

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Imagine being so fragile that you get angry about having to refer to another person as "She" instead of "He"

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