UPS to eliminate 30,000 more jobs as Amazon volume cuts accelerate; shares rise
4 months ago
In 2025, UPS eliminated 48,000 jobs, launched driver buyouts and closed operations at 93 buildings as Amazon volume shrank. This year's job reductions will come via attrition and another buyout offer for full-time drivers. Layoffs are not planned, Chief Financial Officer Brian Dykes said.
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