UPS to cut 30,000 jobs in move away from Amazon

Last year, the parcel delivery giant said it was reducing its dependency on Amazon as part of a restructure and instead focusing on more profitable work, such as in healthcare.

It has already shed 48,000 positions and in 2026 it will cut up to 30,000 more: “This will be accomplished through attrition and we expect to offer a second voluntary separation programme for full time drivers,” said Brian Dykes, UPS CFO.

“Pulling it all together, we are targeting $3bn (£2.2bn) in savings relating to the Amazon glide down.”

UPS reported consolidated revenues of $24.5bn (£17.7bn) for the fourth quarter of 2025 and forecasted an increase in revenue to $89.7bn (£70.9bn) this year.

Carol Tomé CEO at UPS added: “We’re in the final six months of our Amazon accelerated glide down plan and for the full year 2026, we intend to glide down another million pieces per day while continuing to reconfigure our network

“Deliberately shrinking our network is a daunting task and our success was driven by disciplined planning and effective execution, as well as the added flexibility and efficiency that’s coming from deploying state-of-the-art technology and automation across a smaller and nimbler network.”