The American courier company UPS (United Parcel Service) announced on Tuesday that it plans to eliminate 30,000 jobs and close at least 24 facilities in 2026, expanding on the cuts it made last year. UPS disclosed its results for the 2025 fiscal year, in which its profits fell by 3.6% and its revenues by 2.6% compared to the previous year, and indicated that it will take measures to save $3 billion in 2026 due to the drop in Amazon's delivery volume. The company eliminated 48,000 jobs and closed 93 facilities in 2025 after setting a goal to reduce its Amazon deliveries by more than 50% in the second half of 2026, considering the e-commerce giant to be its largest customer but not the most profitable. UPS CEO Carol Tomé said in a statement that in 2025 the company focused on 'strengthening the quality of revenue and building a more agile network,' and once it adapts to the lower Amazon delivery volume in 2026, it will achieve a 'tipping point' in its results. The company's CFO, Brian Dykes, during the earnings conference call, said that this year's layoffs, around 30,000, will be 'operational,' which refers to distribution center workers and drivers. In total, the company employs approximately 490,000 people worldwide, with about 300,000 belonging to the North American Teamsters union. UPS also specified that the closure of 24 facilities corresponds to the first half of 2026, so it may announce more closures in the second half. In 2025, UPS posted a profit of $5.572 billion (3.6% less year-on-year) and revenues of $88.661 billion (2.6% less). In the fourth quarter, the profit was $1.791 billion (4.1% more year-on-year) and revenues of $24.479 billion (3.2% less), the latter down due to the 'expected drop in volume,' the note indicates.
