UPS to Cut About 20,000 Jobs

— Jeff Ward, Lehigh Valley News Briefs

UPS, the Atlanta-based delivery company, plans to cut 20,000 jobs.

Here’s the United Parcel Service statement:

https://about.ups.com/us/en/newsroom/press-releases/financials/ups-releases-1q-2025-earnings.html

The company employs about 490,000 now. It uses the usual buzzwords — nimble, right-size, etc. – as it discusses the cuts.

Here’s the main point:

“We expect to reduce our operational workforce by approximately 20,000 positions during 2025 and close 73 leased and owned buildings by the end of June 2025. We are continuing to review our network and may identify additional buildings for closure.”

The news came as UPS (NYSE:UPS) announced first-quarter revenue of $21.5 billion and adjusted earnings per share of $1.49.

Shares of the company traded at $96.73 at 4 p.m. UPS has a market capitalization of about $82 billion.