Sandy Springs-based , UPS , is laying off more of its people, after earlier this year announcing it was  , cutting 12, 000 work in its control rates.
The business did not specify how many workers are losing their jobs as a result of the most recent round of cuts, but it said Monday evening that the layoffs are a result of ongoing efforts since the company’s news of reductions in January. It was not distinct which departments were affected and how many of the cuts might be in the , Atlanta , place.
” Earlier this year, we announced efforts to align the size of our control personnel with the size of our business”, a , UPS , director said in a written statement Monday. ” We continue to look for ways to increase production through method changes, technology developments and business reconfiguration”.
UPS , has about 500, 000 people, but has had falls in business from mountains seen during the COVID-19 crisis, when stay-at-home methods drove incendiary growth in online purchasing and sales to doorsteps.
The work cuts came in power after the organization reported earlier this year that it saw declines in amount, income and operating profit in all of its business segments for 2023, which , UPS , CEO , Carol Tomé , called” a challenging and unsatisfactory year”.
Things have certainly improved, according to the most current quarterly results. In July,  , UPS , reported a , reduction in operating profit for the first quarter of 2024 compared with 2023. That includes a second quarter with a 32 % year-over-year decline in net income and a 1.1 % decline in total revenue, while operating expenses grew 3.1 %.
Due to shaky financial conditions and lost business that date back to last year’s work conversations, UPS  stated previously that it plans to continue to “align personnel in our operations to the needs of our company.”
That means , UPS , has also been cutting work in its functions by closing services and reducing personnel, while moving toward more technology.
The business  , aims to reduce billion in prices over the next five years and will rely more on areas that could be more lucrative, including company with the health care industry and small-and medium-size companies.
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