UPS Cuts 48,000 Jobs, Closes 93 Facilities

UPS said it cut about 48,000 jobs in the first nine months of 2025—roughly 34,000 operational roles (drivers and warehouse workers) and about 14,000 management positions—and closed 93 leased and owned facilities as part of its Efficiency Reimagined/“Fit to Serve” restructuring. The reductions exceed earlier plans to cut about 20,000 jobs and shutter roughly 73 facilities and have produced about $2.2 billion in savings through Sept. 30, with a $3.5 billion annual savings target. UPS reported third-quarter revenue of $21.42 billion and adjusted EPS of $1.74 (GAAP EPS $1.55); its shares jumped about 7–9% after the announcement. CEO Carol Tomé called the moves the most significant strategic shift in the company’s history and tied many cuts to a planned reduction in Amazon volume of more than 50% by the second half of 2026, with Amazon volume down about 21% in Q3. UPS says the restructuring aims to boost efficiency and long-term value, though analysts and stakeholders are watching for potential service and labor impacts.