UPS to Cut 20,000 Jobs Amid Shift from Amazon Shipments
UPS announces plans to reduce workforce by 20,000 and close 73 facilities as it cuts Amazon shipping volume significantly.
UPS’ small- and medium-sized business clients, however, are likely to be disproportionately affected by the current trade war, as many are 100% single-sourced from China — and the fact that a tariff exception for packages sent from China to the U.S. valued under $800 is set to end Friday, Tomé said.
UPS to cut 20,000 jobs as Amazon deal shrinks; customers face ‘uncertainty’
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United Parcel Service (UPS) continues to pursue aggressive job cuts in 2025 after the Atlanta-based logistics and supply-chain giant announced in the fourth quarter of 2024 that it planned to cut half of its Amazon business by the second half of this year.
UPS Announces 20,000 Cuts in 2025, Seeks to End Reliance on Amazon’s Business
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UPS does believe its customers will feel an impact from the tariffs, and because of that, and the pull-back from Amazon, it forecast its own revenue will fall in the second quarter compared to a year ago.
UPS is cutting 20,000 jobs. It’s not what you think | Business
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Consolidation efforts for UPS come as President Donald Trump's looming tariffs continue to impact U.S. and global trade, as companies across the country are reducing costs in preparation for a possible economic fallout.
UPS cutting around 20,000 jobs due to 'new or increased tariffs'; 73 buildings closing
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UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles.
UPS to cut 20K jobs, close some facilities as it reduces Amazon shipments it handles
ABC News·17d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles.
UPS to cut 20,000 jobs, close some facilities as it reduces amount of Amazon shipments it handles
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A slowdown in global trade is likely to reduce the need for shipping services between companies, potentially hurting parcel delivery firms.
UPS cutting 20K jobs due to fewer Amazon shipments
Fox Business·17d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles.
UPS to Cut 20,000 Jobs, Close 73 Facilities
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Summary
UPS is set to cut around 20,000 jobs and close 73 facilities by June 2025 as it reduces its handling of Amazon shipments, which is expected to decrease by over 50% by 2026. CEO Carol Tomé stated the measures aim to adapt to economic changes, with the job cuts and closures projected to save the company $3.5 billion in 2025. UPS reported a revenue of $21.55 billion in Q1, surpassing estimates, and plans to automate operations across 400 facilities. The actions reflect an ongoing reassessment of its relationship with Amazon and the impact of global trade challenges.
Perspectives
UPS plans to cut approximately 20,000 jobs in 2025 and close 73 facilities as part of a strategy to reduce its reliance on Amazon, its largest yet least profitable customer.
The company aims to save about $3.5 billion through these moves, which are essential to adapt to changing economic conditions and increase operational efficiency.
Despite recent job losses and facility closures, UPS remains optimistic about its long-term growth, citing the need for network reconfiguration and efficiency improvements as timely and necessary.
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