UPS said it would cut 20,000 jobs this year as it overhauls its US network to boost efficiency. The shipping giant plans to shutter 73 facilities and save $3.5 billion as demand remains soft. The ...

UPS on Tuesday announced it is planning to cut 20,000 jobs this year, part of a cost-cutting effort that's linked to the delivery giant's decision to deliver fewer packages from Amazon ...

Ford's EV business is deeply unprofitable. UPS is on the right strategic track, but it may be being hamstrung by its dividend. The table below explains the problem well. UPS aims to pay out about ...

UPS will cut 20,000 jobs this year, about 4% of its global workforce, the company said Tuesday. But UPS added the decision is unrelated to tariffs and is instead due to increased use of technology ...

The United Parcel Service (UPS) is expected to reduce its workforce by roughly 20,000 during 2025, citing "new or increased tariffs" and "changes in general economic conditions in the U.S. or ...

Shares in UPS — which has about 490,000 employees — fell 1% in early trades on Tuesday after the package delivery giant revealed the job cuts. UPS said it expects to save $3.5 billion this ...

The United Parcel Service (UPS) said Tuesday that it will cut approximately 20,000 jobs in 2025 as part of a longer-term initiative to boost efficiency and lower costs. UPS also said it plans to ...

United Parcel Service (UPS) said on Tuesday it will slash 20,000 jobs and close more than 70 facilities to lower costs as it braces for less Amazon shipments, due to global economic uncertainty ...

United Parcel Service (UPS) said Tuesday that it will cut about 20,000 jobs and shutter 73 of its facilities as the logistics giant cuts costs amid a move to reduce shipping volumes from its ...

UPS is implementing significant changes, including cutting almost 20,000 jobs and closing 73 facilities, due to reduced demand from Amazon. Despite exceeding first-quarter earnings expectations ...