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

Shares in UPS ticked up less than 1% premarket after the company said it expects to save $3.5 billion this year from the job cuts and by shutting 73 leased and owned buildings by the end of June.

Apr 29, 2025 - 15:38
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UPS to slash 20,000 jobs on weak Amazon deliveries over Trump tariff turmoil
Shares in UPS ticked up less than 1% premarket after the company said it expects to save $3.5 billion this year from the job cuts and by shutting 73 leased and owned buildings by the end of June.