UPS To Cut 20,000 Jobs In 2025 After Slashing Amazon Shipments
1. UPS will lay off 20,000 workers, expecting lower delivery volumes. 2. Firm aims to save $3.5 billion by 2025 following job cuts. 3. UPS reported Q1 revenue of $21.5 billion, beating profit estimates. 4. Amazon shipments accounted for 11.8% of UPS revenue in 2024. 5. UPS withdrew full-year revenue guidance due to macroeconomic uncertainty.