US EditionUPS to cut another 30,000 jobs as it doubles down on turnaround
UPS aims to save $3 billion by cutting 30,000 jobs and closing 24 U.S. facilities while scaling back Amazon deliveries and focusing on higher-margin shipments.
- On Tuesday, 2026-01-28, UPS said it will cut up to 30,000 roles and close 24 facilities in 2026, disclosed during its late‑January earnings call.
- Transformation 2.0 aims to shift UPS to higher-margin shipments and reduce Amazon.com volume by 50% by the second half of 2026, UPS said.
- UPS plans to accomplish this through attrition and a second voluntary separation program for full-time drivers, deploying automation, network reconfiguration, and reducing management layers, CFO Brian Dykes said Tuesday.
- The cuts widen impacts already felt after last year's reductions, as UPS reported $24.5 billion fourth‑quarter consolidated revenue and $2.38 per share adjusted profit, with revenue per piece up 8.3% U.S. and 7.1% internationally.
- Looking ahead, UPS intends to glide down another 1 million Amazon pieces per day in 2026 after already reducing 1 million pieces by end of 2025, and the Nov. 4, 2025 MD‑11 crash that killed 15 people has accelerated NTSB and FAA groundings and fleet changes.
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247 Articles
UPS Is Firing Its Biggest Customer -- And Wall Street Finally Understands Why
Key PointsUPS is handling far fewer low-margin Amazon packages, and it plans to reduce its dependence even further in 2026.While the move is hurting revenue, UPS is closing buildings, consolidating its network, and slashing its workforce to adjust to lower volumes. Revenue per package is rising as UPS focuses on higher-margin opportunities.10 stocks we like better than United Parcel Service › Investors were not pleased with UPS (NYSE: UPS) in ea…
The U.S. logistics group UPS will eliminate up to 30,000 jobs globally, representing about 6% of its workforce, and will close 24 physical facilities during this year 2026 as it reduces shipments from Amazon to redirect to more cost-effective business units.The reduction of its operating staff, which includes drivers and package handlers, will be achieved through the non-replacement of vacant posts and full-time driver voluntary withdrawals, fin…
UPS to cut 30,000 jobs and close 24 facilities as Amazon deliveries scale back
UPS will cut up to 30,000 jobs this year as it accelerates a strategic retreat from delivering parcels for Amazon, while also closing 24 facilities as part of a sweeping overhaul of its global network.The company said Amazon deliveries had become “extraordinarily dilutive” to profit margins, even though the online retailer remains its largest customer. The planned job losses amount to around six per cent of UPS’s global workforce of roughly 490,…
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