UPS says it will shed 30,000 jobs in major cost-cutting drive

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Briefing Summary

AI-generated

NEWSAR · AI

UPS announced plans on January 28, 2026, to eliminate up to 30,000 jobs as part of a cost-cutting initiative targeting $3 billion in savings by 2026. The job reductions, primarily through attrition and voluntary buyouts, aim to reduce the company's reliance on Amazon deliveries and focus on more profitable shipments. The company will also close 24 buildings in the first half of the year and evaluate further closures. This follows $3.5 billion in savings achieved in 2025 through similar measures, including reduced labor hours and building closures. The Teamsters union criticized the planned job cuts, emphasizing the value and contributions of its members.

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Article analysis

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Key claims

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Savings would be on top of $3.5bn in savings achieved in 2025.

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UPS will shut 24 buildings in the first half of the year.

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UPS targets savings of $3bn in 2026.

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UPS says it will shed 30,000 jobs.

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Teamsters overwhelmingly rejected UPS’s insulting payoff last year.

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Full report

2 min read · 318 words

Package-delivery giant targets savings of $3bn in 2026 amid push to slash deliveries for Amazon.Published On 28 Jan 2026United Parcel Service, one of the world’s largest package-delivery companies, has announced plans to slash up to 30,000 jobs amid a push to cut costs and boost profits.UPS, based in the US state of Georgia, will make the cuts as part of efforts to achieve savings of $3bn in 2026, UPS chief financial officer Brian ⁠Dykes said on an earnings call on Tuesday.Recommended Stories list of 4 itemslist 1 of 4Russia-Ukraine war: List of key events, day 1,434list 2 of 4Minnesota Representative Ilhan Omar attacked during town hall meetinglist 3 of 4US president praises Syrian leader al-Sharaa after offensive against SDFlist 4 of 4US president talks up economy amid outrage over Minnesota killingsend of listDykes said the job cuts, part of plans to reduce UPS’s reliance on deliveries for its largest customer, Amazon, would be achieved through attrition and voluntary buyouts.“We expect to offer a second voluntary separation programme for full-time drivers,” Dykes said.UPS will also shut 24 buildings in the first half of the year and evaluate other buildings for closure in the second half, Dykes said.He said the savings would be on top of $3.5bn in savings achieved in 2025 through cost-cutting measures, including the elimination of 26.9 million labour hours and the closure of 93 buildings.Sean O’Brien, president of the Teamsters union, slammed the job cuts in a statement posted on social media.“Corporate vultures giggled about giving their disrespectful driver buyout program another shot,” O’Brien said.“Reminder: Teamsters overwhelmingly rejected UPS’s insulting payoff last year. We still know our worth. Drivers still endure violent winters and brutal heat to make UPS its billions. UPS must honor our contract and reward our members.”UPS announced last year that it would reduce shipments for Amazon by half as part of plans to focus on a smaller volume of more lucrative deliveries.

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