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(Bloomberg) United Parcel Service Inc.’s largest layoffs in its 116-year history were made possible, in part, by new technologies including artificial intelligence, CEO Carol Tomé said last week. Citing one example, she said that machine learning allows salespeople to put together proposals without having to ask pricing experts for guidance.Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaZaluzhnyi Leaves as Ukraine’s Army Chief Amid Deepening RiftEpstein Co ....
Payment platform PayPal is planning to cut around 2,500 jobs while United Parcel Service Inc (UPS) has also announced to let go of 12,000 employees. ....