United Parcel Service (UPS) announced on 28 October that it has eliminated approximately 48,000 jobs in 2025, as part of a comprehensive turnaround plan. The restructuring includes site closures, management reductions, and scaling back of lower-margin business lines. The move was met with a positive reaction from investors, with UPS reporting better-than-expected third-quarter earnings, which led to a sharp rise in its share price following the announcement.
The company disclosed to regulators that roughly 34,000 of these job cuts are operational, involving frontline drivers, sort-centre workers, and logistics staff. An additional 14,000 positions are management and corporate roles. UPS has also shut down operations at 93 leased and owned facilities and is evaluating further closures as it seeks to redesign its network. These measures follow an earlier effort to cut costs after a January agreement to reduce Amazon shipments — once its largest customer.
