UPS to slash 20,000 jobs on weak Amazon deliveries over Trump tariff turmoil

1. UPS plans to cut 20,000 jobs due to weakened demand from Amazon. 2. Job cuts aim to save $3.5 billion this year. 3. UPS projects $400 million to $600 million in expenses in 2025. 4. The company will not update its full-year forecast amid economic uncertainty. 5. Tariffs may lower deliveries from Chinese e-commerce giants like Shein.