Bloomberg Intelligence UPS Cutting Costs and Amazon Cutting Jobs
4 snips
Oct 28, 2025 
Lee Klaskow, a Senior Transport, Logistics, and Shipping Analyst at Bloomberg Intelligence, discusses UPS's impressive profit surge driven by major cost-cutting strategies and automation, including the elimination of 34,000 jobs. Sean McCarthy, CEO of BAM Mutual, dives into the booming municipal bond market, highlighting record issuances spurred by infrastructure needs. He also foresees growth in specific sectors like healthcare and energy, while addressing the shifting dynamics in credit quality across different municipal projects.
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Amazon's Cuts Are Small But Ongoing
- Amazon's 14,000 corporate layoffs are about 4% of its corporate workforce and a tiny share of its 1.55 million employees worldwide.
- Poonam Goyal expects further cuts as automation and AI drive efficiencies across the company.
AI And Automation Drive Amazon Efficiency
- Amazon pairs ongoing AI and automation investments with headcount reductions to boost margins.
- Poonam Goyal sees automation and AI as the two biggest forces pushing further job cuts.
Amazon Poised To Win Holiday Share
- Consumer spending has held up and Amazon is expected to report high single-digit retail sales growth this quarter.
- Poonam Goyal expects Amazon to take share again during the holiday season.