UPS to cut additional 30,000 jobs this year

United Parcel Service (UPS) announced Tuesday it will cut an additional 30,000 operational jobs this year as part of winding down its partnership with Amazon and a multiyear turnaround plan, reported Xinhua.

"In terms of variable costs, we expect to reduce operational positions by up to 30,000," Chief Financial Officer Brian Dykes told a conference call with analysts.

The job cuts will be made through a voluntary buyout offer for full-time drivers and through attrition, he said.

UPS also decided to shut another 24 facilities in the first half of 2026, with additional closures possible later in the year.

Last year, UPS eliminated 48,000 jobs and closed 93 facilities as Amazon volume fell.

The eliminations are part of the package delivery company's broader turnaround strategy to reinvigorate its business. UPS started a "glide-down" plan in 2025 to slash millions of low-profit deliveries for Amazon, its largest customer.