UPS to cut another 30,000 jobs this year in sweeping cost-savings push - News Summed Up

UPS to cut another 30,000 jobs this year in sweeping cost-savings push


The move comes after UPS said in October that it was eliminating 34,000 operational positions in 2025. It has also been slashing delivery volume for its largest customer, Amazon.com Inc, to cut down on low-margin packages. Earnings in the fourth quarter were US$2.38 (RM9.44) a share, UPS said, topping the US$2.21 average of analyst estimates compiled by Bloomberg. UPS also faced operational hurdles last quarter following a November crash of one of its MD-11 jets near UPS’ main hub in Louisville, Kentucky. UPS will replace the lost capacity with 18 Boeing Co 767 planes, of which 15 are scheduled to be delivered this year.


Source: The Edge Markets January 27, 2026 16:08 UTC



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