Topix Underground

".."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.".."