US EditionUPS to cut 20,000 jobs, close dozens of buildings due to lower Amazon volumes
- United Parcel Service announced on April 29, 2025, it will cut 20,000 jobs and close 73 facilities by June to reduce costs amid lower Amazon volumes.
- UPS initiated these cuts due to an expected volume reduction from Amazon, its largest customer accounting for 11.8% of 2024 revenue, and wider economic uncertainty.
- UPS reported first-quarter 2025 revenue of $21.5 billion and adjusted earnings of $1.49 per share, beating expectations despite marginal revenue decline and weak shipping volume.
- CEO Carol Tome emphasized that the company's efforts to realign its network and lower expenses throughout the organization are especially timely, while Evercore analyst Jonathan Chappell noted that the absence of 2025 guidance introduces significant uncertainty due to unclear macroeconomic conditions.
- UPS plans to reduce costs by $3.5 billion in 2025 through workforce reductions and consolidating facilities, but it has held back on providing full-year financial guidance amid ongoing economic uncertainties and challenges related to tariffs.
291 Articles
291 Articles
American Military News
Greater Milwaukee TodayUPS to cut 20K jobs as Amazon deal shrinks; customers face ‘uncertainty’
UPS is holding off on confirming its prior annual financial projections “given the current macro-economic uncertainty” facing its customers. It also reported a drop in domestic package volumes in February and March because of dampened consumer demand. “The world hasn’t been faced with such enormous potential impacts to trade in more than 100 years, so the only thing we’re certain of, is we don’t know which, if any, of our scenarios will play out…
UPS distribution facility no longer coming to Holly Ridge
HOLLY RIDGE, N.C. (WNCT)- A UPS distribution facility that was supposed to bring 98 jobs to Onslow County is no longer coming to Holly Ridge. Local and state leaders announced the 12.3-million-dollar project in February 2023. However, a spokesperson with the company confirmed it is no longer in the works. UPS did not want to provide WNCT with a full statement at this time. The loss has local business owners like Dorothy Royal, Surf City Guns and…
Los Angeles Times
Independent EspañolUPS will cut 20,000 jobs and shut down facilities by reducing Amazon shipments it manages
The company employs approximately 490,000 workers, according to FactSet.
UPS cutting 20,000 Jobs and closing 70+ Facilities
United Parcel Service (UPS) is undergoing a significant operational overhaul, announcing plans to cut 20,000 jobs and shut down more than 70 facilities across the United States. The dramatic cost-cutting move comes as the shipping giant scales back its partnership with Amazon and pivots toward more profitable sectors of its delivery business. According to the […]
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