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.
31 Articles
31 Articles
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UPS, the United Parcel Service, just announced that it is laying off 20,000 employees and closing 73 of its buildings by the end of June. It attributes the downturn to reduced shipping volume from its largest customer, Amazon, due to Trump’s tariffs. When a division of Amazon considered telling consumers the truth, by posting the costs tariffs added to the price of each imported product, the mere possibility set the White House on attack mode. T…
UPS and USPS announce significant job cuts. What you need to know
Jobs for thousands of letter and package delivery workers at the U.S. Postal Service and UPS could be cut this year, with both looking to slash costs and streamline operations as the effects of President Trump’s tariffs and digital innovation ripple through the economy.But what that means for people with a package to ship or [...]
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