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UPS plans to cut 20,000 jobs and close 73 facilities due to expected drops in Amazon shipping.
UPS plans to cut 20,000 jobs and close 73 facilities due to a projected 50% reduction in shipping volume from its largest customer, Amazon, by mid-2026.
The job cuts, set to take effect by June 2025, aim to align UPS's network with lower package volumes and reduce costs amid economic uncertainty.
The company's CEO, Carol Tome, thanked employees for their hard work and said UPS will adapt to the changing trade environment.
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UPS planea recortar 20,000 empleos y cerrar 73 instalaciones debido a la caída prevista en el envío de Amazon.