The delivery company said about 70 percent of the layoffs affected drivers and warehouse workers.
Category: Company Reports
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Target to Cut 1,800 Corporate Jobs in Efficiency Drive
The retail chain’s incoming chief executive, who will take over in February, cited “too many layers and overlapping work” in a memo.
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Ford’s Profit Jumps on Strong Sales but Company Lowers its Outlook
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
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Tesla Profit Falls 37% After It Cut Car Prices
The company sold more cars but made less money on each one because of discounts and low-interest loans.
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‘KPop Demon Hunters’ Helps Lift Netflix Revenue 17%
The streaming giant said the higher results came from a mix of subscription growth, advertising and other sales.
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G.M.’s Profit Falls on Tariffs and E.V. Costs
The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year.
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Big Banks Grow Profits, Crediting a ‘Resilient’ Economy
JPMorgan Chase, Goldman Sachs and Wells Fargo reported strong quarterly earnings, mostly topping analyst expectations and showing growth across key lines of business.
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Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street
The unraveling of First Brands, a midsize auto-parts maker, is exposing hidden losses at international banks and “private credit” lenders.
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Discount Airlines Like Spirit and Frontier Changed Flying. Now They’re in Trouble.
Carriers like Spirit and Frontier have lost customers to bigger competitors and seen their costs balloon. Some are in financial distress.
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It’s a Bad Time to Cut the Information Coming From Corporate America
President Trump wants the S.E.C. to reduce the frequency of corporate earnings reports. Our columnist says it’s a reasonable experiment, but at a dangerous time.
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Nike’s Sales Rise Slightly, While Profit Falls 31%
The sneaker giant is trying to execute a turnaround plan while battling rising tariffs and tighter margins.
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Starbucks to Cut Jobs, Close Stores and Take $1 Billion Hit in Revamp Effort
The coffee chain said it would shutter some underperforming U.S. stores and eliminate 900 corporate jobs as part of a plan to build “a better, stronger and more resilient Starbucks.”