United Parcel Service (UPS) will cut 20,000 jobs and shutter 73 facilities to lower costs amid an uncertain ... U.S. firm to enact layoffs tied to tariff-driven trade slowdown.

UPS beat first-quarter profit estimates and announced plans to cut 20,000 jobs to reduce costs amid economic uncertainty and expected lower volumes from Amazon, according to CNBC. The parcel ...

makes UPS the first big American company to move forward with large-scale layoffs in the face of slowing trade due to the Trump administration's tariffs. A slowdown in global trade is likely to ...

The Atlanta-based company announced the layoffs Tuesday in its first-quarter earnings report, citing them as part of a consolidation plan ... report. UPS’ CEO and CFO speak out amid changes ...

The layoffs account for about 4% of its roughly 490,000 employees. Facility closures and staff reductions come four months after UPS announced plans to cut its low-margin parcel business with ...

The layoffs will impact slightly over 4% of its workforce. This follows an announcement from UPS last year that it would cut 12,000 positions. The move is part of the company's plan to consolidate ...

MIDDLEBURG HEIGHTS, Ohio – United Parcel Service this summer plans to lay off 98 part-time employees ... according to a notice filed with the state. UPS spokesperson Karen Tomaszewski Hill ...

Currently, UPS operates within more than 200 countries and employs 490,000 individuals. The recently announced plan to layoff employees will affect over 4% of the delivery company's workforce.

UPS cuts 20,000 jobs and closes 73 facilities to save costs. First major U.S. firm to enact layoffs tied to tariff-driven trade slowdown. Expected $3.5 billion in savings for 2025 through ...