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.

The company's stock is down more than 30% for the year thanks to slumping sales, spurred in part by ongoing boycotts.

Those cuts included 34,000 operational jobs as part of its Efficiency Reimagined initiative and 14,000 jobs, primarily within management, as part of its Fit to Serve plan to streamline its business. The company said it expects total savings of $3.5 billion as part of this push.

The company, whose stock price is down more than 30% this year, has struggled in the wake of high-profile controversies and increased competition.

Artificial intelligence is developing at an unprecedented rate, with experts believing it will replace some jobs and industries.

The report identified 20 jobs at significant risk from AI, 15 of which could see more than half of their positions replaced.