UPS to Trim Workforce to Reduce Amazon Deliveries: What Lies Ahead? [Yahoo! Finance]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: Yahoo! Finance
CEO Carol Tome noted that Amazon was not the company's most profitable customer. The reduction in volumes is compelling UPS to right-size its network. UPS has shifted its focus to higher-margin areas such as small and medium-sized businesses and healthcare logistics from low-margin volumes like Amazon. As part of the restructuring and cost-cutting efforts, UPS announced on the fourth-quarter 2025 conference call yesterday that it would eliminate up to 30,000 operational jobs and close multiple facilities by 2026. This move aims to reduce reliance on Amazon deliveries and pivot toward more profitable business endeavors. Per UPS' CFO, Brian Dykes said it aims reduce about 25 million total operational work hours in 2026 because Amazon shipments are declining. Outlining the details of the job-cut plan, Dykes said that job losses will occur through attrition and a second voluntary exit program to be offered by UPS for full-time drivers. UPS, which closed 93 buildings in 2025, has alr
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UPS
News
- Job cuts are highest for any January since 2009. See why. [USA TODAY]USA TODAY
- US weekly jobless claims increase more than expected [Yahoo! Finance Canada]Yahoo! Finance Canada
- Amazon, UPS and Other Major Companies Are Making Big Job Cuts. Is AI To Blame? [Yahoo! Finance]Yahoo! Finance
- The 5 Most Interesting Analyst Questions From United Parcel Service's Q4 Earnings Call [Yahoo! Finance]Yahoo! Finance
- 2 Profitable Stocks with Exciting Potential and 1 Facing Headwinds [Yahoo! Finance]Yahoo! Finance
UPS
Earnings
- 1/27/26 - Beat
UPS
Sec Filings
- 2/6/26 - Form 8-K
- 2/6/26 - Form 4
- 2/6/26 - Form 4
- UPS's page on the SEC website