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UPS to Cut 20K Jobs, Pulls 2025 Outlook Amid Macro Uncertainty
United Parcel Service Inc (UPS) Q1 2025 Earnings Call Highlights: Navigating Challenges With ...
United Parcel (UPS) Gets a Hold From Evercore ISI
Express News | UPS : JP Morgan Cuts Target Price to $110 From $115
After "breaking up" with Amazon, UPS cut 20,000 jobs and suspended its full-year forecast amid economic uncertainty.
UPS currently has about 0.49 million employees and plans to cut 4% of its total workforce due to parting ways with its largest customer, Amazon. This layoff aims at network restructuring and efficiency improvement. Although UPS's first-quarter performance exceeded expectations, it has not updated its full-year outlook due to economic uncertainty, and a decline in transportation volume and revenue is expected in the second quarter.
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