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During a company earnings call at the time, Tomé said the cuts would save the company nearly $1 billion. His comments came after UPS underwent a massive year-over-year decline in revenue.

United Parcel Service said it will cut 20,000 jobs and shut 73 facilities to lower costs and to brace for a potential pullback from its largest customer, Amazon.

UPS CEO Carol Tome said Tuesday that most of the Amazon business that it is giving up is “not profitable for us, nor a healthy fit for our network.”The UPS package volume from Amazon was already down ...

The company also said that it would not be able to update its revenue forecasts for 2025 due to “macroeconomic uncertainty.” News Reporter UPS announced Tuesday that it would slash 20,000 jobs ...

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles. The package delivery company said Tuesday that it ...

Copyright 2025 The Associated Press. All Rights Reserved. Copyright 2025 The Associated Press. All Rights Reserved. A UPS driver enters a United Parcel Service store ...