The workforce reduction comes amid a period of uncertainty for UPS.
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“I want to thank all UPSers for their hard work and efforts in this very dynamic environment,” said Carol Tomé, UPS CEO.
The macro environment may be uncertain, but with our actions, we will emerge as an even stronger, more nimble UPS.”.
Earlier this year, UPS announced that it would reduce its volume of Amazon shipments by over 50% by mid-2026.
Brian Dykes, chief financial officer for UPS, said its anticipated Amazon volume reduction would remove $3.5 billion in expenses in 2025.
UPS leaders said in an investor call that it's unclear what, if any, impact tariffs will have on operations. »