UPS cutting costs by turning to gig drivers for deliveries, WSJ reports

UPS (UPS) is cutting costs by shifting smaller, low-value deliveries to gig drivers using personal vehicles, part of a restructuring that’s eliminated 34,000 jobs and saved $2.2B so far this year, The Wall Street Journal’s Esther Fung reports. The company’s traditional, employee-based network-once ideal for business-to-business shipping-has become less profitable as U.S. deliveries have shifted mostly to business-to-consumer orders, Fung writes.