Business

UPS to Cut 30,000 More Jobs as Amazon Partnership Shrinks

UPS also plans to deploy more automation and close down two-dozen buildings.
UPS to Cut 30,000 More Jobs as Amazon Partnership Shrinks
A United Parcel Service (UPS) truck delivers boxes in New York City, on April 26, 2022. Spencer Platt/Getty Images
Andrew Moran
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The United Parcel Service (UPS) said on Jan. 27 that it plans to cut another 30,000 jobs this year as the company winds down its delivery partnership with Amazon.

Last year, UPS announced it would reduce Amazon package volumes by more than 50 percent, citing low margins and a strategic shift to bolster profits.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."