UPS to slash 20,000 jobs on weak Amazon deliveries over Trump tariff turmoil
1. UPS plans to cut 20,000 jobs due to weaker demand. 2. Job cuts expected to save UPS $3.5 billion this year. 3. Economic uncertainty hinders UPS from updating full-year forecast. 4. UPS reduces Amazon deliveries, affecting 11.8% of its revenue. 5. Tariffs may lead to lower deliveries from overseas manufacturers.