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UPS Cuts 48,000 Jobs to Save $3.5 Billion

10/30/2025

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Summary

Story summary

United Parcel Service (UPS) announced on October 28, 2025, that it has eliminated 48,000 jobs this year as part of its "Network Reconfiguration and Efficiency Reimagined" plan.
The job cuts include approximately 34,000 operational roles and 14,000 management positions, aiming to save $3.5 billion in total costs by the end of 2025.
UPS reported third-quarter earnings of $1.31 billion and revenue of $21.4 billion, exceeding expectations.
CEO Carol Tome emphasized that these changes are essential for long-term value and efficiency ahead of the holiday shipping season.
The restructuring is expected to be completed by 2027.

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Story summary

United Parcel Service (UPS) announced on October 28, 2025, that it has eliminated 48,000 jobs this year as part of its "Network Reconfiguration and Efficiency Reimagined" plan.
The job cuts include approximately 34,000 operational roles and 14,000 management positions, aiming to save $3.5 billion in total costs by the end of 2025.
UPS reported third-quarter earnings of $1.31 billion and revenue of $21.4 billion, exceeding expectations.
CEO Carol Tome emphasized that these changes are essential for long-term value and efficiency ahead of the holiday shipping season.
The restructuring is expected to be completed by 2027.