UPS says it's cutting 20,000 jobs

UPS connected Tuesday announced it is readying to chopped 20,000 jobs this year, portion of a cost-cutting effort that's linked to less deliveries from Amazon, its biggest customer. 

The shipping company, which operates successful implicit 200 countries, presently has astir 490,000 employees.

UPS did not instantly respond to petition for comment.

The determination is portion of the company's program to consolidate UPS's facilities and workforce. Along with the occupation cuts, the institution announced it volition besides adjacent 73 of its buildings by the extremity of June 2025.

In a Tuesday regulatory filing, UPS said the cuts are successful "connection with our anticipation of little volumes from our largest customer." In January, the transportation giant said it had reached an statement with Amazon to alteration its transportation measurement by much than 50% successful the 2nd fractional of 2026. 

UPS shares slipped 56 cents, oregon 0.6%, successful pre-market trading.

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