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Story summary
- United Parcel Service (UPS) plans to cut 30,000 jobs and close 24 facilities in 2026 after reducing 48,000 positions in 2025.
- The company aims to cut Amazon delivery volume by more than 50% to focus on profitable areas.
- Brian Dykes, UPS Chief Financial Officer, said cuts will come through attrition and voluntary buyouts.
- UPS reported fourth-quarter earnings above expectations and expects revenue growth in the second half of 2026 after completing restructuring.
