UPS and Amazon Announce Layoffs as Tech CEO Warns of AI 'Carnage' - January 2026

UPS is set to cut up to 30,000 jobs this year as it reduces its reliance on unprofitable Amazon deliveries as part of a new strategy. In a separate event, Amazon accidentally sent an email confirming a new round of global layoffs to employees, revealing job cuts in the US, Canada, and Costa Rica. The draft email, titled "Project Dawn," was shared by mistake before an official announcement. Amid these industry shifts, Cisco Systems chief executive Chuck Robbins has warned that while the AI boom will be "bigger than the internet," there will be "carnage along the way," comparing the current market to the dotcom bubble.

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Wednesday 12:25 PMCapital Business

UPS to cut 30,000 jobs as it moves away from Amazon

UPS is set to cut up to 30,000 jobs this year as it reduces its reliance on Amazon deliveries, which it deems unprofitable. This move is part of a larger strategy to focus on more lucrative customers.

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