UPS will cut 30K more jobs after massive 2025 – Business News
United Parcel Service introduced Tuesday about 30,000 job cuts this 12 months because the company winds down its partnership with Amazon as half of an intense cost-cutting agenda — and after reducing tens of hundreds of jobs simply final 12 months.
The Atlanta-based supply giant plans to slash complete operational hours by roughly 25 million by decreasing its dependence on Amazon, CFO Brian Dykes mentioned during a call with analysts Tuesday.
“In terms of variable costs, we expect to reduce operational positions by up to 30,000,” Dykes mentioned.
United Parcel Service introduced Tuesday roughly 30,000 job cuts this 12 months. Getty Images
“This will be accomplished through attrition, and we expect to offer a second voluntary separation program for full-time drivers.”
UPS additionally mentioned it has recognized 24 buildings for closure within the first half of 2026, including that additional closures might come later this 12 months. The company closed 93 buildings final 12 months.
The company additionally plans to “further deploy automation” throughout its community, Dykes mentioned.
UPS slashed a whopping 48,000 jobs final 12 months, together with 34,000 operational roles and 14,000 in management.
Tuesday’s announcement got here as a shock after the company initially estimated a mixed 20,000 layoffs over the course of 2025.
It’s half of a multiyear turnaround plan underneath CEO Carol Tomé, who took the helm in 2020, making her the primary lady and company outsider to steer UPS.
She has confronted mounting strain from buyers and workers pissed off by the company’s underperformance and lagging stock price in comparison with rivals like FedEx and Amazon’s logistics arm.
UPS additionally slashed a whopping 48,000 jobs final 12 months because it winds down its Amazon partnership. REUTERS
“2025 was a year of considerable progress for UPS as we took action to strengthen our revenue quality and build a more agile network,” Tomé mentioned in a Tuesday assertion.
“Looking ahead, upon completion of the Amazon glide-down, 2026 will be an inflection point in the execution of our strategy to deliver growth and sustained margin expansion.”
Amazon was beforehand the supply firm’s largest buyer, however the two corporations are working to finish their joint operations.
UPS mentioned it expects $3 billion in complete financial savings from unwinding its business with Amazon.
Shares in UPS jumped 3% Tuesday after the company introduced the job cuts and launched fourth-quarter earnings that beat Wall Street expectations – together with adjusted revenue of $2.6 billion and $24.5 billion in consolidated revenues.
