UPS cuts 48,000 jobs in ‘biggest strategic shift ever’, CEO says changes to deliver ‘long-term value for stakeholders’

After Amazon and Target, logistics giant United Parcel Service (UPS) announced that in the first nine months of 2025, it had eliminated around 48,000 jobs as part of its cost-cutting initiative. Most of these layoffs affected truck drivers and warehouse workers in the US, however, approximately 14,000 management and corporate employees were also asked to resign.