UPS To Cut 20,000 Jobs In 2025 After Slashing Amazon Shipments

Topline UPS announced Tuesday it would lay off 20,000 workers this year, despite beating first-quarter profit estimates, as the shipping giant expects a decline in deliveries after cutting its shipments for Amazon in half earlier this year. The shipping giant halved its deliveries for Amazon earlier this year. Getty Images Key Facts UPS expects to save $3.5 billion in 2025 after cutting 20,000 jobs and closing 73 leased and owned buildings by the end of June, the company announced in its first-quarter earni ...