Brian Dykes explains why UPS is prioritizing profitability over volume, and how refocusing its network is delivering results.

Delivery company United Parcel Service reported higher-than-expected earnings but bigger job cuts in its business turnaround goals.

UPS has since last year reduced its work force by 48,000 employees, the company said on Tuesday, in a cost-cutting drive aimed at bolstering profits and winning back investors.

The shipper disclosed 34,000 job cuts in operations as its chief executive is under pressure to reverse a long slump in the company’s stock price.

Here's what to know about the layoffs at Amazon, UPS, Target and other employers.

"We rescue Saint Bernards, and they all love the UPS van and hear it coming up the hill," the owner told Newsweek.

United Parcel ServiceUPS received a number of stock price target hikes early Wednesday after the stock market applauded the company's Tuesday third-quarter earnings beat and the slashing of its workforce.