UPS Cuts 48,000 Jobs, Closes 93 Facilities

UPS said it cut about 48,000 jobs in 2025 — roughly 34,000 operational roles (drivers and warehouse staff) and 14,000 management positions — and closed 93 leased and owned facilities as part of a “Network Reconfiguration and Efficiency Reimagined” transformation. The reductions, achieved through layoffs, buyouts and voluntary separations, were largely completed for operational roles by Aug. 31 and represent roughly 10% of the company’s ~490,000–500,000 global workforce. UPS reported third-quarter revenue of $21.42 billion, adjusted EPS of $1.74 and net income of about $1.3 billion, and its stock rose roughly 7–8% after results. Management said the moves reflect a strategic pivot away from lower‑margin e-commerce — including a planned halving of Amazon deliveries by late 2026 — toward higher‑margin SMB, healthcare and B2B segments and increased automation. The company has realized about $2.2 billion of savings so far and expects $3.5 billion year‑over‑year, but warned that trade‑policy headwinds and changing volume patterns could lead to additional closures or reconfiguration.