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EconomicCollapse

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UPS To Slash 20,000 Jobs On Amazon Pullback & Looming Freight Slowdown     (www.zerohedge.com)
submitted by dosvydanya_freedomz to EconomicCollapse 1 day ago (+3/-0)
3 comments last comment...
https://www.zerohedge.com/markets/ups-slash-20000-jobs-amazon-pullback-looming-freight-slowdown

United Parcel Service plans to cut tens of thousands of jobs this year and close dozens of leased and owned facilities by the end of June, describing the move as a "network reconfiguration and efficiency effort." The reductions follow a pullback in partnership between the carrier and e-commerce giant Amazon for low-margin deliveries, a shift that began earlier this year, and come amid a broader slowdown in package volumes from China to the U.S. because of President Trump's tariff wall.
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Largest Fast Food Restaurant Chain Closed Over 600 Stores     (www.yahoo.com)
submitted by dosvydanya_freedomz to EconomicCollapse 15 hours ago (+1/-1)
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https://www.yahoo.com/finance/news/largest-fast-food-restaurant-chain-230505722.html

The largest fast food restaurant chain in the United States has closed over 600 stores in the past year alone.

Subway "lost a net of 631 U.S. restaurants in 2024," QSR reported.

That puts the restaurant chain at its lowest number of domestic stores in the last 20 years. In 2015, the chain had 27,000 stores, and it's never been below 20,000 since that time, until now, according to QSR. The chain ended 2024 with 19,502 stores in the U.S., the site reported.