UPS job cuts underline costly break with Amazon in US delivery race

Core Viewpoint - United Parcel Service (UPS) is undergoing a significant restructuring that will result in the elimination of up to 30,000 jobs in 2023, highlighting the financial impact of its separation from Amazon amid increasing competition [1] Company Summary - UPS is implementing a major restructuring plan that includes cutting up to 30,000 jobs this year [1] - The separation from Amazon has proven to be costly for UPS, indicating challenges in maintaining profitability and competitiveness [1] Industry Summary - The logistics and delivery industry is facing intensified competition, which is influencing companies like UPS to make drastic operational changes [1] - The restructuring efforts by UPS reflect broader trends in the industry as companies adapt to evolving market conditions and competitive pressures [1]