US EditionUPS cut 34,000 jobs in first nine months of 2025
- On Oct 28, United Parcel Service, Inc. posted better-than-expected third-quarter results with consolidated revenue of $21.41 billion and adjusted diluted EPS of $1.74.
- Chief Executive Officer Carol Tomé accelerated a turnaround that cut about 34,000 jobs and closed daily operations at 93 leased and owned buildings in the first nine months of 2025.
- Financial details show consolidated operating profit was $1.8 billion, or $2.1 billion adjusted, with an adjusted consolidated operating margin of 10% and about $2.2 billion in cost savings through the first nine months of 2025.
- UPS expects fourth-quarter revenue of about $24 billion and an adjusted operating margin between 11% and 11.5%, while shares surged more than 12% in premarket trading.
- Labor contract issues mean high costs persist partly due to 330,000 International Brotherhood of Teamsters members, while tariff and 'de minimis' changes hurt international volumes amid rising AI and competition pressures.
95 Articles
95 Articles
UPS Eliminates 48,000 Jobs While Working Toward $3.5 Billion Cost-Cutting Target
Santa will have a much smaller logistics network at his disposal this Christmas. United Parcel Service said Tuesday that it cut 48,000 jobs in the first nine months of the year. UPS made the disclosure and expounded on its ongoing turnaround as it reported third-quarter earnings of $1.3 billion and revenue of $21.4 billion, both of which represented declines but topped Wall Street’s expectations. High Yields Come in All Packages UPS has been led…
The UPS reported that it cuts some 34,000 operational charges and closed daily operations in 93 rented and own buildings, in addition to the 14,000 jobs in the management area.
UPS Cuts 48,000 Jobs—Then Beats Wall Street Expectations; Is This the New Normal for Corporate Turnarounds?
UPS beat Q3 earnings expectations after cutting 48,000 jobs and closing 93 facilities. Analysts and workers alike are asking: Is this the new blueprint for corporate recovery?
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