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International Business Times UK

Vinay Patel

UPS Layoffs Update: Two Major Reasons Why 20,000 Workers Are About To Lose Their Jobs

UPS Donald Trump Carol Tomé Amazon

Facing headwinds from Trump's tariffs and decreased customer demand, UPS is undertaking a significant restructuring. (Credit: Pexels)

Shipping giant UPS is slashing 20,000 jobs and shuttering 73 locations by summer's end as Donald Trump's tariff tsunami reshapes global trade, forcing even the mightiest logistics players to adapt or sink.

The delivery behemoth, which handles packages for millions of businesses worldwide, dropped the bombshell alongside first-quarter results showing revenue slipping to £16.04 billion – down 0.7% from last year's figures.

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