UPS MASSIVE Layoff: 20,000 Jobs To Be Cut, 73 Facilities To Be Shut Down

New Delhi: United Parcel Service (UPS) has mentioned that it’ll be slashing 20,000 jobs, shutting down 73 amenities amidst new world business price lists introduced via US President Donald Trump’s. The layoffs also are part of the logistics corporate’s deliberate relief in deliveries for Amazon.com.

“We expect to reduce our operational workforce by approximately 20,000 positions during 2025 and close 73 leased and owned buildings by the end of June 2025. We are continuing to review our network and may identify additional buildings for closure,” UPS mentioned in its first quarter income document on April 29.

As of March 31, 2025, we proceed to judge the affect of anticipated adjustments in quantity on our air community. We await $3.5 billion of general value financial savings shall be delivered from Network Reconfiguration and Efficiency Reimagined in 2025,” UPS mentioned.

The corporate introduced first-quarter 2025 consolidated revenues of $21.5 billion, a 0.7% lower from the primary quarter of 2024. 

Consolidated running benefit was once $1.7 billion, up 3.3% in comparison to the primary quarter of 2024, and up 0.9% on a non-GAAP adjusted foundation. Diluted income consistent with proportion have been $1.40 for the quarter; non-GAAP adjusted diluted income consistent with proportion have been $1.49, 4.2% above the similar length in 2024, UPS mentioned.