{"id":10117,"date":"2026-01-28T07:05:49","date_gmt":"2026-01-28T07:05:49","guid":{"rendered":"https:\/\/inernews.online\/?p=10117"},"modified":"2026-01-28T07:05:49","modified_gmt":"2026-01-28T07:05:49","slug":"ups-says-it-will-shed-30000-jobs-in-major-cost-cutting-drive-business-and-economy","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=10117","title":{"rendered":"UPS says it will shed 30,000 jobs in major cost-cutting drive | Business and Economy"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>Package-delivery giant targets savings of $3bn in 2026 amid push to slash deliveries for Amazon.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"byline byline--single-avatar\">\n<div class=\"avatars-container\">\n<div class=\"responsive-image\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.aljazeera.com\/wp-content\/uploads\/2020\/09\/jp-1730786685-rotated.jpg?resize=96%2C96&amp;quality=80 96w\" sizes=\"(max-width: 96px) 96px, 96px\" aria-hidden=\"true\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 28 Jan 2026<\/span><span aria-hidden=\"true\">28 Jan 2026<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>United Parcel Service, one of the world\u2019s largest package-delivery companies, has announced plans to slash up to 30,000 jobs amid a push to cut costs and boost profits.<\/p>\n<p>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 \u2060Dykes said on an earnings call on Tuesday.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>Dykes said the job cuts, part of plans to reduce UPS\u2019s reliance on deliveries for its largest customer, Amazon, would be achieved through attrition and voluntary buyouts.<\/p>\n<p>\u201cWe expect to offer a second voluntary separation programme for full-time drivers,\u201d Dykes said.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Sean O\u2019Brien, president of the Teamsters union, slammed the job cuts in a statement posted on social media.<\/p>\n<p>\u201cCorporate vultures giggled about giving their disrespectful driver buyout program another shot,\u201d O\u2019Brien said.<\/p>\n<p>\u201cReminder: Teamsters overwhelmingly rejected UPS\u2019s 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.\u201d<\/p>\n<p>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.<\/p>\n<p>The firm\u2019s reported revenues of $24.5bn for the final three months of 2025, taking earnings for the year to $88.7bn, and projected revenues in 2026 are expected to hit $89.7bn.<\/p>\n<p>UPS shares\u00a0were\u00a0largely unmoved\u00a0on\u00a0Tuesday,\u00a0closing\u00a00.22 percent higher.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Package-delivery giant targets savings of $3bn in 2026 amid push to slash deliveries for Amazon. Published On 28 Jan 202628 Jan 2026 Click here to share on social media share2 Share United Parcel Service, one of the world\u2019s largest package-delivery companies, has announced plans to slash up to 30,000 jobs amid a push to cut [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-canada-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/10117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10117"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/10117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/10118"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}