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Apr 30 2025

UPS to cut 20,000 jobs in 2025 as it reassesses relationship with Amazon

On 29 April 2025, shipping company UPS announced that it expects to cut around 20,000 jobs by the end of the year. This move is the result of a restructure following UPS’ decision earlier this year to reduce the volume of Amazon deliveries it fulfils.

 

In its Q1 2025 earnings statement, UPS confirmed that it expects to reduce its operational workforce by approximately 20,000 positions during 2025 and close 73 leased and owned buildings by the end of June 2025. Furthermore, it explained that it is continuing to review its network and ‘may identify additional buildings for closure’.

UPS expects that this strategy, which it refers to as its ‘Network Reconfiguration and Efficiency Reimagined’ initiative, will result in a total of US$3.5 billion in cost savings in 2025.

 

Carol Tomé, CEO of UPS, commented: “As a trusted leader in global logistics, we will leverage our integrated network and trade expertise to assist our customers as they adapt to a changing trade environment.

 

“Further, the actions we are taking to reconfigure our network and reduce cost across our business could not be timelier. The macro environment may be uncertain, but with our actions, we will emerge as an even stronger, more nimble UPS.” Read more

 

Source: LOGISTICS MANAGER