UPS to cut another 30,000 jobs as it doubles down on turnaround
UPS aims to save $3 billion by cutting 30,000 operational jobs and closing 24 buildings to pivot away from low-margin Amazon deliveries and boost profitability.
- On Tuesday, United Parcel Service announced plans to cut 30,000 jobs this year as it winds down its partnership with Amazon under CEO Carol Tomé's turnaround plan.
- Following last year's workforce reductions, CFO Brian Dykes said United Parcel Service plans to cut approximately 25 million operational hours linked to the Amazon decline, exceeding prior estimates of around 20,000 jobs.
- UPS said it expects $3 billion in savings related to the Amazon unwind, and reductions will be achieved through attrition and a second voluntary separation program for full-time drivers.
- On Tuesday, United Parcel Service reported fourth-quarter earnings that beat Wall Street estimates, and shares rose almost 2% in morning trading.
- Though Amazon was once UPS' largest customer, the companies are ceasing operations together, shown by a UPS truck in Los Angeles on Oct. 28, 2025.
99 Articles
99 Articles
UPS will slash 30,000 jobs as company shifts away from Amazon
United Parcel Service announced plans Tuesday to eliminate 30,000 jobs in 2026 as it continues to untangle its partnership with Amazon, signaling another year of deep cuts as it attempts to turn around its business. The package delivery giant also will shutter 24 buildings in the first half of 2026, Chief Financial Officer Brian Dykes said during a call with investors. The cutbacks are projected to save the company about $3 billion, he said. The…
UPS to eliminate 30K more jobs as Amazon volume cuts accelerate | Honolulu Star-Advertiser
United Parcel Service will eliminate up to 30,000 jobs and shut another 24 facilities in 2026, the world’s largest package delivery company said on Tuesday, as it reduces deliveries for Amazon.com in an ongoing shift toward more profitable business.
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