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

Al JazeeraCenterEN 2 min read 100% complete by John PowerJanuary 28, 2026 at 05:24 AM

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medium article 2 min

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.

Key Entities & Roles

Key Player Opposition Context

Georgia 40% United States 50% Sean O'Brien ×260% Amazon ×270% Brian Dykes ×370% Teamsters ×270% United Parcel Service ×790%

Keywords

job cuts 100% cost-cutting 90% ups 90% amazon 70% deliveries 60% teamsters union 50% voluntary buyouts 50% attrition 50% building closures 40% financial performance 40%