United 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.
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.
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