UPS to cut 30,000 jobs as it moves away from Amazon
JAN 28 - Parcel delivery giant UPS says it will cut up to 30,000 jobs this year as it further reduces shipments for its biggest customer, Amazon. The Kenya breaking news | Kenya news today |..
✨ Key Highlights
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.
- UPS reported $24.5 billion in earnings for the last quarter of 2025 and projects $89.7 billion in revenue for the upcoming year.
- The job cuts will be implemented through buyout offers and attrition, following 48,000 job reductions and 93 facility closures in 2025 due to reduced Amazon deliveries.
- CEO Carol Tome stated that UPS aims to further reduce Amazon parcel volume by "another million pieces per day" in 2026.
- The company is also retiring its MD-11 cargo plane fleet after a fatal crash in November.
- Amazon significantly increased its own delivery services, handling 6.3 billion deliveries in the U.S. in 2024, surpassing UPS and FedEx.
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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.
