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Tariff bites: UPS cuts 20,000 jobs, GM delays investor call
Financial Express Lucknow
|April 30, 2025
THE FALLOUT FROM US President Donald Trump's trade war reverberated further through the corporate world on Tuesday, as delivery giant UPS said it would cut 20,000 jobs to lower costs, while General Motors pulled its outlook and pushed its investor call to Thursday pending possible changes to trade policy.
The Detroit automaker, along with Kraft Heinz, Electrolux and other blue-chip names on Tuesday joined the diverse list of companies that have pulled forecasts for 2025 or slashed outlooks, in more evidence that a chaotic trade policy is taking a major toll on companies' ability to plan beyond the immediate term.
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