UPS will cut 20,000 jobs this year, about 4% of its global workforce, the company said Tuesday. But UPS added the decision is ...

UPS said it would cut 20,000 jobs in 2025 amid cost-cutting and facility closures, responding to soft demand and aiming to strengthen operations.

The deal with FedEx, signed in February, gives Amazon "cost favorability" compared with delivery rival UPS, Business Insider had reported, citing an internal document. The agreement will not replace ...