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UPS to Cut 30,000 Jobs, End Amazon Partnership

1/27/2026

Summary

Story summary

United Parcel Service (UPS) plans to cut up to 30,000 jobs in 2026 to reduce costs and end its partnership with Amazon.
CFO Brian Dykes stated the job reductions will occur through attrition and a voluntary separation program for full-time drivers.
UPS will close 24 facilities and aims to save $3 billion in 2026, following the elimination of 48,000 jobs and 93 building closures last year.
The company reported strong fourth-quarter earnings, exceeding Wall Street estimates, and anticipates revenue growth in the second half of 2026 post-restructuring.

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Story summary

United Parcel Service (UPS) plans to cut up to 30,000 jobs in 2026 to reduce costs and end its partnership with Amazon.
CFO Brian Dykes stated the job reductions will occur through attrition and a voluntary separation program for full-time drivers.
UPS will close 24 facilities and aims to save $3 billion in 2026, following the elimination of 48,000 jobs and 93 building closures last year.
The company reported strong fourth-quarter earnings, exceeding Wall Street estimates, and anticipates revenue growth in the second half of 2026 post-restructuring.