UPS Restructures Workforce Amid Slowing Demand as UBS Lowers Price Target

United Parcel Service (UPS) is offering voluntary buyouts to U.S. drivers as part of its largest operational overhaul in decades. The MOVE comes alongside plans to close 73 facilities, targeting $1.2 billion in annual savings as shipping demand weakens globally.

UBS analysts slashed UPS's price target to $135, citing declining parcel volumes and international headwinds. The Teamsters union is contesting the workforce reductions, claiming violations of their 2023 labor agreement that guaranteed 22,500 new jobs.

This restructuring reflects broader macroeconomic pressures affecting logistics companies. While UPS isn't directly cryptocurrency-related, such corporate belt-tightening often precedes institutional capital reallocation - potentially into alternative assets like digital currencies during market downturns.