UPS’s stock price slid Tuesday after it reported lower parcel volumes and difficulty cutting costs as it works to right-size ...

The service, which used to rely on the USPS before a breakup this year, posed challenges for UPS in Q2 due to ...

Shares in UPS ticked up less than 1% premarket after the company said it expects to save $3.5 billion this year from the job cuts and by shutting 73 leased and owned buildings by the end of June.

In April, UPS said it planned to cut 20,000 jobs from its workforce of about 490,000, because of a cutback in its deliveries for Amazon and a larger push to make the network more “efficient.” ...

UPS will cut 20,000 jobs this year, about 4% of its global workforce, the company said Tuesday. But UPS added the decision is unrelated to tariffs and is instead due to increased use of technology ...

UPS to cut 20,000 jobs, close some facilities as it reduces Amazon shipments By Michelle Chapman - Associated Press Apr 29, 2025 Updated Apr 30, 2025 ...