On Thursday, the courier offered its U.S. drivers a voluntary buyout as part of "the largest network reconfiguration in UPS history." ...

UPS will eliminate about 20,000 jobs throughout 2025 as part of a major cost-cutting plan fueled by a decline in Amazon shipments. The Atlanta-based shipping giant revealed the job cuts in a ...

UPS plans to cut 20,000 jobs and close 73 facilities due to reduced Amazon deliveries. The company aims to save $3.5 billion in 2025 amid operational restructuring and cost-cutting.

“For every job loss going back to UPS, 20,000 jobs lost, or what have you nationally, that probably would be at least another 10,000 jobs lost in the economy," said Lambert.

The impact of Amazon's missing volumes will accelerate in H2 2025 and UPS is likely to work around several measures to plug the hole and come up with higher margins on the other side. That's the ...

UPS is cutting 20,000 ... "Those 20,000 jobs that are lost are going to lead to lower consumption across the Atlanta metro area—that could impact other people’s jobs." UPS has not announced ...

UPS is also reliant on deliveries for retailers, many of whom are heavily reliant on China. Amazon itself sources from China and 40% or more of the online retailer's marketplace sellers are based ...