The Atlanta-based company is being squeezed by higher labor costs from its new contract with the Teamsters union and declining average daily volume.
Worden said, "With regard to UPS and layoffs... some of the things that have happened with unions and pressure to raise wages is going to impact margins. And you're also getting more disruptive innovation. Amazon now is bigger in terms of delivering than UPS. So, competition, higher expenses, I think that makes it more challenging for some of these companies."
He adds, "I do think that AI is also going to play a role for companies that are saying, 'Hey look, can we do more with less?'"
Shares in the world's largest parcel delivery company fell almost 8% in midday trading on Tuesday.
