UPS to Cut 20,000 Jobs Amidst Trade Uncertainty | JQJO

UPS announced plans to cut approximately 20,000 jobs in 2025, citing changes in global trade policy and reduced shipping volumes. The cuts, affecting the operational workforce, are part of a broader cost-reduction strategy including facility closures. This follows a 12,000 job reduction last year. The company cited macroeconomic uncertainty and lower volumes from Amazon, its largest customer, as contributing factors. The Teamsters union, representing a significant portion of UPS employees, warned against violating their contract regarding job creation.