Macy's layoffs 2024: Department store is laying off over 2,000 employees, closing 5 stores
USA TodayJUL 2023
The Spin
Narrative A
UPS has typically not pursued mass layoffs as a fiscal policy, but with the costs of sorting and shipping packages going up, the company needs to consolidate sorting facilities and streamline its technical operations. To make shipping less expensive for customers, UPS will now have to take this freed-up cash and invest it heavily in technology.
Narrative B
Corporations have no idea what AI's potential is, let alone what the long-term consequences in the labor force will be. While executives have so far agreed with the optimistic predictions of tech companies, history shows us that they usually choose more profits when technological changes occur. People could very well end up working shoulder-to-shoulder with AI, but they could also end up jobless.