New Delhi, Oct. 29 -- The United Parcel Service, better known as UPS, has announced that in the first nine months of 2025 it has cut 48,000 people from its workforce. Out of them, 14,000 employees worked in the management division while 34,000 were in the "operational workforce," Newsweek reported.

The latter category consists of "employees involved in its day-to-day logistics and delivery services."

These massive layoffs are, seemingly, the effects of a sharp decline in the company's share prices. This year alone, the share prices of UPS have gone down by more than 20 per cent. This has led the company to seek ways of cutting costs and making structural changes suited to the market's requirements, as per the news report.

In the third ...