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

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

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.

UPS announced it's cutting around 20,000 jobs in 2025 due to President Donald Trump's looming tariffs and expected lower Amazon shipments.

UPS and Amazon earlier this year agreed to pare back their shared business by more than 50%. “Amazon is our largest customer but it’s not our most profitable customer,” Tomé said at the time.

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 ...

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 is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles. The package delivery company said Tuesday that it ...