UPS Inc. said it will cut up to 30,000 operational jobs this year as the package delivery giant continues with its turnaround efforts and reduces Amazon shipments.
Chief Financial Officer Brian Dykes said during the company’s conference call that the job cuts will be made through a voluntary buyout offer for full-time drivers and through attrition.
During 2025, UPS launched a plan to reduce its dependence on its largest customer, Amazon, and focus on higher-profit areas, such as healthcare customers. In April, UPS agreed to acquire Andlauer Healthcare Group.
UPS is also looking to close 24 buildings in the first half of the year and is evaluating additional buildings to close later in the year, Dykes added.
UPS said in a regulatory filing in October that it had cut about 34,000 operational positions and closed daily operations at 93 leased and owned buildings during the first nine months of last year. The company also announced approximately 14,000 job cuts, mostly within management.
CEO Carol Tome said during the conference call that by the end of 2025, UPS had reduced Amazon’s volume in its network by approximately 1 million pieces per day.
For the fourth quarter of 2025, UPS reported adjusted earnings per share of $2.38. Fourth-quarter consolidated revenue was $24.5 billion. Revenue per piece in the company’s U.S. domestic segment rose 8.3% despite lower volumes, while international revenue per piece increased 7.1%. The company projected 2026 revenue of $89.7 billion, up from $88.7 billion last year.
UPS also said it was retiring its fleet of McDonnell Douglas MD-11 cargo planes after a deadly crash in Kentucky in November. The planes, about 9% of the UPS fleet, had been grounded.
The Associated Press contributed to this article.
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