• UPS plans to cut up to 30,000 jobs in a cost-saving move.
• The job cuts are mainly to reduce reliance on Amazon deliveries.
• UPS aims for $3 billion in savings by 2026.
• The company will also close 24 facilities within the year.
• Union representatives have criticized the job cuts harshly.

United Parcel Service (UPS) has announced plans to cut up to 30,000 jobs as part of a broader effort to cut costs and boost profit margins. The decision follows a strategic pivot away from its largest customer, Amazon, which has been deemed "extraordinarily dilutive" to profits. UPS aims to achieve savings of $3 billion by 2026 through attrition and voluntary buyouts, particularly for full-time drivers, according to CBS News, BBC, and Al Jazeera.

The company has reported earnings of $24.5 billion for the last quarter of 2025, with a projection of $89.7 billion in revenue for this year. UPS CFO Brian Dykes indicated that part of this job reduction strategy includes closing 24 buildings in the first half of 2026. This lays the groundwork for a broader closure of underperforming facilities as the company continues to refocus on more profitable sectors beyond Amazon, according to CBS News and BBC.

Union representatives have expressed dissatisfaction regarding the layoffs. Sean O’Brien, president of the Teamsters union, criticized the job cuts, asserting that drivers deserve better compensation and respect for their efforts, which have been critical in generating significant revenues for UPS. "Corporate vultures giggled about giving their disrespectful driver buyout program another shot," O’Brien stated, emphasizing the union's rejection of past offers, according to Al Jazeera.