Back to today’s briefing

Story perspectives

UPS to Cut 20,000 Jobs Amid Revenue Decline

5/2/2025

26 2

Summary

Story summary

UPS plans to eliminate 20,000 jobs by 2025, responding to decreased package volume from Amazon.
The company will close 73 facilities by June 2025 as part of its cost-cutting measures.
Last quarter, UPS reported $21.5 billion in revenue, a slight decline from the previous year.
The layoffs will impact over 4% of its 490,000-strong workforce.
The Teamsters union reiterated its commitment to creating 30,000 jobs, cautioning against violations.

1 of 1

Story summary

UPS plans to eliminate 20,000 jobs by 2025, responding to decreased package volume from Amazon.
The company will close 73 facilities by June 2025 as part of its cost-cutting measures.
Last quarter, UPS reported $21.5 billion in revenue, a slight decline from the previous year.
The layoffs will impact over 4% of its 490,000-strong workforce.
The Teamsters union reiterated its commitment to creating 30,000 jobs, cautioning against violations.