[trymas]

I think there were already multiple posts on HN about this.

Most recent I remember UPS firing 20 000 people.

Edit: https://news.ycombinator.com/item?id=43835849

[toomuchtodo]

This was because UPS let an Amazon delivery deal roll off that was not profitable.

https://www.sec.gov/Archives/edgar/data/1090727/000109072725...

https://about.ups.com/us/en/newsroom/press-releases/financia...

[wavefunction]

UPS said it was because shipping volumes at Amazon are down, so it's not-profitable because shipping-volumes are down. lol