In this articleUPSFollow your favorite stocksCREATE FREE ACCOUNTA worker drives a United Parcel Service (UPS) truck on Oct. 28, 2025 in Los Angeles, California.Mario Tama | Getty ImagesUnited Parcel Service on Tuesday announced that it was planning to eliminate an additional 30,000 jobs this year as part of winding down its partnership with Amazon and a multiyear turnaround plan.CFO Brian Dykes said on a call with analysts Tuesday following the company’s quarterly earnings release that UPS plans to reduce total operational hours by approximately 25 million associated with the Amazon decline.”In terms of variable costs, we expect to reduce operational positions by up to 30,000,” Dykes said. “This will be accomplished through attrition, and we expect to offer a second voluntary separation program for full-time drivers.”UPS also said it has identified 24 buildings for closure in the first half of 2026, with additional closures possible later in the year. Last year, UPS closed 93 buildings, it reiterated Tuesday. The company is also planning to “further deploy automation” across its network, according to Dykes.The planned job cuts come after UPS eliminated 48,000 jobs last year, 34,000 of which were operational and 14,000 of which were management. The company had previously estimated those combined reductions to total around 20,000. In a Tuesday statement, representative for the Teamsters said its union workers “still know [their] worth” if UPS brings back its buyout program.”We’re perfectly happy for UPS to realize growth and cost savings on the backs of corporate managers so long as they uphold their contractual commitments to our members and reward the Teamsters who actually make the company run,” the statement read.UPS is in the midst of a turnaround plan under CEO Carol Tomé, aiming to reinvigorate the business. Though Amazon was previously UPS’ largest customer, the two companies are in the process of gliding down operations together. UPS said Tuesday it expects a total of $3 billion in savings related to the Amazon unwind.UPS reported fourth-quarter earnings Tuesday, beating Wall Street estimates and citing encouraging process in its turnaround efforts.Shares of the company were up 4% in morning trading. …
