UPS to cut 30,000 more jobs amid turnaround plan

Group 1 - The company aims to cut up to 30,000 operational roles by 2026 as part of its transformation strategy, with reductions expected to occur through attrition and a voluntary separation program for full-time drivers [1] - The transformation strategy, announced in June 2025, focuses on optimizing the U.S. network and enhancing productivity, marking the largest network reconfiguration in the company's history [2] - Last year, the company cut 48,000 jobs and closed operations at 93 buildings, indicating ongoing efforts to streamline operations [3] Group 2 - The strategic initiative aims to optimize network capacity to align with expected volume levels and enhance productivity through automation, impacting employee positions [5] - The company plans to reduce another million pieces per day in deliveries for Amazon, its largest customer, as part of its accelerated glide-down plan [6] - The company is reviewing its business portfolio to identify investment opportunities in technologies that will help reduce global indirect operating costs and improve operational visibility [8]