US EditionUPS to cut 20,000 jobs, close dozens of buildings due to lower Amazon volumes
- United Parcel Service will cut about 20,000 jobs and close 73 buildings.
- The company takes these steps amid economic uncertainty and lower anticipated volumes.
- These workforce reductions and facility closures take effect by June 2025.
- UPS forecasts $3.5 billion in savings from these actions during 2025.
- Citing uncertainty, the company did not provide updates to its full-year outlook.
207 Articles
207 Articles
UPS commission group to cut 20,000 jobs
The giant courier and parcel delivery UPS reported on Tuesday that it plans to cut 20,000 jobs worldwide by 2025 due to the fall in business of its main customer, Amazon. The US group hopes to “reduce” its “operational plant at approximately 20,000 jobs during 2025 and close 73 rented and own buildings by the end of June 2025,” the company said in a statement on the results of the first quarter of the year. The company, which at the end of 2024 …
UPS ditched Amazon to be more profitable. Now it’s slashing 20,000 jobs and plans to close over 70 facilities
Global courier UPS is cutting 20,000 jobs and automating hundreds of facilities as it tries to boost profitability in the midst of a massive overhaul of its delivery network. Earlier this year, the company announced an ambitious plan to decouple from Amazon in favor of more profitable packages—just before Trump’s tariff announcements sent global trade volumes plunging. United Parcel Service made waves earlier this year when it announced a breaku…
UPS to Cut 20,000 Jobs
ATLANTA, GA.– UPS will be laying off 20,000 workers over the remainder of this year. This follows 12,000 job cuts in 2024. UPS operates in more than 200 countries. CBS is reporting the job cuts are linked to a drastic drop in Amazon deliveries, which is their largest customer. As part of an operational consolidation plan, UPS will also be closing 73 of its distribution locations.
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