News · 30 October 2025
UPS Implements Major Restructuring with 34,000 Job Cuts as Company Pursues Ambitious Turnaround Strategy
United Parcel Service has eliminated 34,000 positions in 2025 as part of an extensive turnaround initiative, closing 93 operational facilities while reducing its Amazon delivery volume by over 50%. The logistics giant achieved $2.2 billion in cost savings through September and projects total annual savings of $3.5 billion. Following the announcement of better-than-expected adjusted earnings of $1.74 per share, which surpassed analyst estimates of $1.31, UPS shares surged despite ongoing market concerns about international trade tariffs.
Reported by Bloomberg · How we write briefs