This High-Yield Dividend Stock Is in Turbulent Water. Is the 6%+ Payout Worth It?

Champions of AI may continue to make a case that the massive infrastructure buildout will eventually be a net job creator for the economy. The real story, at least for now, is playing out differently, as companies lighten their workforce due to productivity gains from the revolutionary tech. After Amazon (AMZN) announced that it would slash about 16,000 jobs worldwide, its logistics partner, United Parcel Service or UPS (UPS), revealed that it would shrink its workforce by an even higher amount, at 30,000.

However, UPS's job cut is more of a strategic move from the company, as even though Amazon remains its biggest partner, the business accrued from the e-commerce giant is a low-margin one for the logistics and delivery giant. Consequently, it had decided last year to shave off 50% of its Amazon business volume by the end of 2026.