Why the "no hire, no fire" job market may no longer be a thing
Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.
Watch CBS News
Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.
The overwhelming use of force is being questioned after a chase in Florida ended with a deadly shootout. Two men who led police on the chase were killed. As Manuel Bojorquez reports, so was a UPS driver who was taken hostage and an innocent bystander.
UPS on Tuesday announced it is planning to cut 20,000 jobs as part of its plan for workforce consolidation.
The Dow Jones closed in the green on Tuesday as President Trump marked 100 days of his second term. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the state of the economy.
CBS News correspondent Nancy Chen tagged along at a UPS training facility with a driver amid the holiday season rush.
UPS workers in Texas are protesting over working conditions related to the scorching heat and the lack of air conditioning in delivery trucks. CBS News Texas' Lacey Beasley reports.
Customers expecting deliveries on Friday could face a wait following a software outage that's impacting flights across the globe.
The Miami-Dade Police Department said it expected four of their officers to be indicted by a grand jury in the fatal shooting of a UPS driver and a bystander in 2019.
The nation's unemployment rate is low, but some big companies are laying off workers and requiring people to return to the office. Guy Berger, director of economic research at the Burning Glass Institute, joins CBS News to assess the state of the labor market.
UPS will lay off 12,000 workers and says it is ordering employees to return to the office five days a week.
With the holiday shipping season in high gear, the concern of lost or stolen packages is of top concern. CBS News' Janet Shamlian went inside UPS World Headquarters to see how the company is using artificial intelligence to combat package thefts.
UPS is using a program called DeliveryDefense to try to cut down on package thefts.
Christmas is less than two weeks away so if you haven't sent your gifts off yet, you're running out of time. CBS News senior transportation correspondent Kris Van Cleave has the details on when you need to ship by.
With Veterans Day falling on a Saturday this year, some banks weren't open on Friday and others will be closed on Saturday in observance of the federal holiday that honors Americans who served in the military.
Delivery company driver reporting feeling sick while working his route as temperatures topped 100 degrees.
The Teamsters Union representing UPS workers is set to announce the result of its member vote on a tentative agreement reached with the company. Arthur Wheaton, director of labor studies at Cornell University's School of Industrial and Labor Relations, joined CBS News to discuss the situation.
Under the new contract, UPS workers will get higher wages and job protections like air conditioning.
The carrier's new labor contract will increase full-time drivers' compensation roughly 17% over five years, UPS' CEO said in an earnings call.
UPS and the Teamsters union have reached a tentative deal to avoid a strike. The agreement includes installing air conditioning in delivery trucks. It will also increase wages for full and part-time workers. Abe Eshkenazi, CEO of the Association for Supply Chain Management, joined CBS News to discuss.
The contract, which raises starting pay to $21 and top pay to $49 an hour, still must be ratified by 340,000 members.
UPS and the Teamsters union are set to resume contract negotiations Tuesday in an effort to avert a devastating strike. Their current contract expires July 31. Noam Scheiber, a labor and workforce reporter for The New York Times, joined CBS News to talk about what points the two sides are still trying to find a compromise on.
Negotiations between UPS and the Teamsters Union are set to start up again Tuesday. The union representing 340,000 workers is seeking better pay, particularly for part-time workers. The current labor pact with UPS is set to expire in just one week. Zoe Levin, CEO and founder of sustainable paper essentials company Bim Bam Boo, joined CBS News to talk about how a work stoppage could affect her business.
"With a UPS strike, everyone in America will feel it if it happens," said one expert who pegged the potential economic hit at $5 billion.
It's being called the "hot labor summer." From Hollywood to hotels, workers have been walking off the job -- recent data from Cornell University shows around 119,000 U.S. workers were on strike as of May. Seth Harris, former acting U.S. Labor Secretary in 2013 under then-President Obama, joins CBS News to discuss what's driving the recent wave of strikes and how increased strike activity could affect the economy.
The latest round of negotiations between UPS and the union representing its employees have broken down without an agreement. Unionized employees overwhelmingly voted in favor of going on strike if a deal isn't reached by the end of this month. The general president of the union representing the UPS workers, Sean O'Brien, joined CBS News to talk about the situation.
Senators have expressed cautious optimism over bipartisan talks to end the shutdown, now on Day 30. Follow live updates here.
Former Virginia teacher Abby Zwerner was shot by a 6-year-old student in her classroom in 2023.
The Trump administration on Thursday announced it would set the lowest refugee admissions cap in U.S. history at 7,500 spots.
People across the northern Caribbean were digging out from the destruction of Hurricane Melissa on Thursday as deaths from the catastrophic storm climbed.
The toy is described in a listing as suitable for children from the age of six and "an ideal gift for young patriots."
Casey Means and her brother, Calley Means, became prominent in recent years after viral interviews decrying the influence of the food and drug industry.
With food-stamp funding set to lapse Saturday, recipients are asking what happens to their benefits — and when help might resume.
Suzanne Rees, an 80-year-old cruise passenger, was found dead on a Great Barrier Reef island, a day after she was accidentally abandoned there by the ship's crew.
The U.S. Treasury Department has imposed sweeping sanctions on members of an alleged human smuggling network based in Mexico that it says trafficked people from four continents using yachts, hotels and cartel connections.