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Get the Facts: How UPS cutting 20,000 jobs globally could impact the economy

  • On May 4, 2025, UPS revealed a plan to eliminate 20,000 jobs worldwide and reorganize its network, affecting just over four percent of its approximately 490,000 employees.
  • The job cuts follow UPS’s decision to reduce the volume it delivers for Amazon by over 50% by June 2026, prompting a consolidation of operations.
  • As part of its restructuring efforts, UPS plans to shut down 73 facilities by June 2025 to achieve $3.5 billion in savings, while union representatives confirm that locations in Louisville will not be impacted.
  • Economics professor Thomas Lambert warned these changes could ripple through related businesses and stated, "We're headed towards a recession," linking layoffs to broader shifts.
  • The International Brotherhood of Teamsters emphasized UPS’s obligation to create 30,000 jobs under its national agreement and pledged conflict if that contract is violated.
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Get the Facts: How UPS cutting 20,000 jobs globally could impact the economy

UPS is cutting 20,000 jobs and closing dozens of buildings.

·Pittsburgh, United States
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Appen Media broke the news in Georgia, United States on Friday, May 2, 2025.
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