"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,"
"extraordinarily dilutive"
UPS plans to cut up to 30,000 jobs this year, mainly through voluntary buyouts for full-time drivers and by not replacing staff who leave. The company is reducing deliveries for Amazon, calling those shipments "extraordinarily dilutive" to profit margins, and is deliberately scaling back dependency on the online retailer. UPS is pivoting toward higher-margin sectors such as healthcare and time-critical logistics while reconfiguring its network. The company expects to glide down another million Amazon pieces per day in 2026. UPS reported stronger-than-expected quarterly revenue, previously cut 48,000 jobs and closed 93 facilities in 2025, and will close 24 more facilities while permanently retiring its MD-11 fleet. The company employs roughly 490,000 people globally.
Read at Business Matters
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