Shares soar while, so share holders get their value and executives get their big bonus for achieving value. What a world we live in. Last year at my job executives got these bonuses for shareholder value while money was tight and people had to get laid off because the bonuses were already budgeted for. Then they were freaking out because the bonuses got published mid lay offs. The bonuses were large enough to carry most of the people laid off at that round for an entire year. I say most because some management was cut and i believe their salaries were really high, unnecessarily high so maybe couldn’t sustain those. Arguably the money could have kept the company running for much longer this year when it shut down. Nope they had to milk the company for all they could. More on reddit.com

From the article: United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround efforts, including approximately 48,000 job cuts. Shares rose more than 7% in afternoon trading on Tuesday. UPS earned $1.31 billion, or $1.55 per share, for the three months ended Sept. 30. The Atlanta-based company earned $1.99 billion, or $1.80 per share, a year earlier. Removing one-time costs, earnings were $1.74 per share. UPS said in a regulatory filing that it has cut about 34,000 operational positions and closed daily operations at 93 leased and owned buildings during the first nine months of this year as part of its turnaround plan. The company also announced approximately 14,000 job cuts, mostly within management. It said that it is still looking to identify additional buildings to close. More on reddit.com

U americans have my condolences. Already low job vacancies and companies are still laying off their workforce More on reddit.com

This will do wonders for the already tough market. Glad we're prioritizing the billionaires. They don't have enough. More on reddit.com