Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing
662 total appearances

Appearances Over Time

Podcast Appearances

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Let me take a look.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Well, what's interesting is UPS is saying that it's cutting the jobs.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

And the CFO was on a conference call and identified that a good number of the jobs are coming to attrition.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

In other words, when people resign or retire, they're not replacing those particular jobs as they consolidate responsibilities, number one.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Number two, they had voluntary separation packages in areas where they had overhired during COVID.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Remember during COVID, nobody drove to Costco to pick up stuff.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Nobody went to Target.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Those were all being delivered by UPS.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Remember that big boxes of stuff?

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

And so UPS radically expanded.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

And if you were working for UPS,

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

And you were delivering, you were getting overtime hours, you were getting extra shifts on weekends if you wanted them, and they were hiring more people in sorting facilities and in the small vehicle deliveries because not everything is a giant brown truck for UPS.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Well, all of that happened then, Pat, and then it's all come back down to earth as over the last three years, people are back to driving their SUV to Costco and picking the stuff up themselves.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

So they've said this is where their reduction is going.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

but they also came back and announced that they were more profitable.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

So for people that have a 401k UPS, there's UPS stock in the 401k.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Not only is that smart for the business, they're helping the people that are staying there.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Your point, investing in the people is dead on because they're helping people go, wait a minute,

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Hey, our stock is up.

PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

So it's in our 401k, right?