"UPS announced this week that they will be laying off 12,000 people, approximately 2.4 percent of their global workforce...
As you may recall, UPS drivers won a hard fought battle earlier this year for higher wages and less batshit working conditions so they don’t die of heat stroke.
Is the company truly suffering? Well, no. It still had an adjusted operating profit of $9.9 billion... they “returned $7.6 billion of cash to shareowners through dividends and share buybacks".
At the same time the company is laying off workers, the board of directors approved — for the 15th year in a row — an increase to the company’s quarterly dividend. This means that people are getting laid off, but shareholders are getting a raise."
https://www.wonkette.com/p/ups-laying-off-12000-people-because
#Labor #Union #Layoffs #Capitalism #ClassWar #Exploitation
Lisa Kalayji /
npub1tq…73w5p
2024-02-01 19:27:50
Author Public Key
npub1tq0f72xp46j5a9q6q5m9627un96l2wvzut0ncvvkcxstc4r6h8wqj73w5pPublished at
2024-02-01 19:27:50Event JSON
{
"id": "76881794cf34c53e14855ac17c3d03f932cdeec07280aeb2c8b80ad800c1acca",
"pubkey": "581e9f28c1aea54e941a05365d2bdc9975f53982e2df3c3196c1a0bc547ab9dc",
"created_at": 1706815670,
"kind": 1,
"tags": [
[
"t",
"labor"
],
[
"t",
"union"
],
[
"t",
"layoffs"
],
[
"t",
"capitalism"
],
[
"t",
"classwar"
],
[
"t",
"exploitation"
],
[
"proxy",
"https://sfba.social/users/LisaKalayji/statuses/111857871765901097",
"activitypub"
]
],
"content": "\"UPS announced this week that they will be laying off 12,000 people, approximately 2.4 percent of their global workforce...\n\nAs you may recall, UPS drivers won a hard fought battle earlier this year for higher wages and less batshit working conditions so they don’t die of heat stroke.\n\nIs the company truly suffering? Well, no. It still had an adjusted operating profit of $9.9 billion... they “returned $7.6 billion of cash to shareowners through dividends and share buybacks\".\n\nAt the same time the company is laying off workers, the board of directors approved — for the 15th year in a row — an increase to the company’s quarterly dividend. This means that people are getting laid off, but shareholders are getting a raise.\"\n\nhttps://www.wonkette.com/p/ups-laying-off-12000-people-because\n\n#Labor #Union #Layoffs #Capitalism #ClassWar #Exploitation",
"sig": "7b1a5a9cc6e9c253ecdec1aca278f6a3c84633d879933d7b1ca3c295c13f680c97fe12e8fa01da99eb01ab8c38490a051f7777c2b25d6772928284a0352c07bf"
}