UPS says it will shed 30,000 jobs in major cost-cutting drive

UPS Unveils Plan to Slash 30,000 Jobs in Drive for Cost Savings and Profit Boost

In a move aimed at reducing costs and increasing profits, the world's largest package delivery company, United Parcel Service (UPS), has announced plans to cut up to 30,000 jobs. The plan is part of UPS's efforts to achieve savings of $3 billion by 2026.

The job cuts will be implemented through attrition and voluntary buyouts, with a second voluntary separation program for full-time drivers expected to be offered. In addition to the job losses, UPS plans to shut down 24 buildings in the first half of the year and evaluate other buildings for closure in the second half.

UPS's push to cut costs has been driven by its largest customer, Amazon. The company announced last year that it would reduce shipments for Amazon by half as part of a plan to focus on a smaller volume of more lucrative deliveries.

The move has been met with criticism from labor unions, including the Teamsters union, which has slammed UPS's job cuts as "corporate vultures" and called on the company to honor its contract with drivers. Despite the backlash, UPS shares were largely unaffected by the news, closing 0.22 percent higher.

As part of its cost-cutting efforts, UPS reported revenues of $24.5 billion for the final three months of 2025, taking earnings for the year to $88.7 billion. The company projects revenues in 2026 will hit $89.7 billion.
 
I'm kinda surprised by this news πŸ€”... 30k jobs goin' down and I think it's gonna be a real challenge for UPS to find those people again. I've seen so many good people get let go from other companies due to automation, now it's the big package delivery companies turnin' to that. 😬

At least they're tryin' to save some money and boost profits πŸ“ˆ. $3 billion is a pretty big chunk of change, but I guess it's all about who's got the cash πŸ’Έ. I do wonder how Amazon fits into all this though... are they just takin' advantage of UPS to get those deals done? 🀝

I'm not sure what's better here - keepin' more jobs or gettin' that extra money πŸ’ΈπŸ’°. Either way, it's gonna be a tough road for some people πŸ‘₯.
 
OMG, 30k jobs going to be axed at UPS? That's just devastating πŸ€•πŸ’” I get it, cost savings and profit boosting are important, but 30k people losing their livelihoods is a huge deal. Like, what's the real priority here? Profit over people? It's all about Amazon, apparently πŸ“¦πŸ€‘ I'm not saying Amazon isn't a big customer or anything, but come on UPS! You're basically just following suit and it's not like they can just magically cut costs without hurting anyone.

And don't even get me started on the labor unions calling out UPS for this. I feel bad for the Teamsters union, those guys are just trying to protect their brothers and sisters 🀝πŸ’ͺ. It's all about corporate greed, am I right? The fact that UPS shares went up after the announcement is just wild πŸ˜²πŸ’Έ. I guess when you're a giant company like UPS, it's all about who gets hurt least πŸ’”
 
😬 just heard about UPS's plan to cut 30k jobs... what's next? Every other delivery company gonna do the same? πŸššπŸ’Έ and those Amazon customers aren't helping with their 'reduced shipments' thing... sounds like a classic corporate move to squeeze out workers. already seeing reports of UPS drivers getting hit hard - who's gonna be affected next? 🀯
 
I'm not sure I buy this whole "corporate vulture" thing from the Teamsters. Sounds like a pretty standard cost-cutting measure to me πŸ€‘. I mean, we're living in a world where companies are expected to be lean and efficient just to stay afloat. It's not like UPS is going out of business or anything (although 30k jobs is a pretty big chunk) 😬. The fact that their shares went up after the announcement suggests that investors still think this plan will pay off in the long run πŸ’Έ.

Plus, have you seen Amazon's size? They're basically a behemoth now 🀯. If any company can justify cutting costs by half of their UPS shipments, it's them 😏. It's all about supply and demand, right? πŸ“ˆ
 
man thats harsh ups really needs to think about the people it employs dont just care bout that dollar bill πŸ’ΈπŸ˜’ so many ppl rely on these jobs and now theyre gonna be affected id rather see them focus on sustainability than cut jobs its all about the benjamins i guess πŸ€‘πŸ’”
 
man this is crazy 30k jobs gone what's next they're basically saying its all about making that extra buck and who cares about the ppl working there? πŸ€‘πŸ’Έ i feel for those workers tho, they gotta know their contracts tho, shouldn't be able to just waltz out on a job like that πŸ˜•. on the bright side at least its not affecting ups shares lol what's good 0.22 percent higher though πŸ‘€
 
Just saw that UPS is planning to slash 30k jobs πŸ“‰πŸ’Ό - I'm not sure if cutting 30,000 jobs really equals a profit boost for the company... sounds like they're just passing on costs to their employees. The Teamsters union is right, it's unfair to call them "corporate vultures" but maybe a better term would be " corporate cost-cutters"? 😐 Their CEO seems more concerned with pleasing Amazon than helping regular UPS workers who have been there for years πŸššπŸ‘
 
man i cant believe ups is doing this its like theyre just trying to save a buck on us workers lol i remember when ups was still trying to make it big and now theyre just cutting people left and right its not cool,imo they should just focus on making decent pay and benefits for their employees instead of just going after the almighty dollar πŸ€‘πŸ˜’
 
πŸ’Έ this is a big deal for workers at UPS... I'm not surprised they'd try to cut costs tho πŸ€·β€β™‚οΈ 30k jobs is a lot, and it's coming from Amazon too, so yeah it makes sense that they're doing this πŸ’° the whole "corporate vultures" thing is pretty harsh tho πŸ˜” i mean, someone's gotta make the big bucks, but 24 buildings shutting down? that's not ideal for communities πŸ€•
 
Ugh, can you believe this?! 🀯 They're slashing 30,000 jobs just to save a few bucks and boost profits! It's like they don't care about the people who are going to lose their livelihoods. I mean, I get it, cost-cutting is important, but not at the expense of so many innocent lives. And it's not like UPS can't afford it - they're raking in billions every year! πŸ’Έ It's just so frustrating that labor unions are getting slammed for speaking out against this decision. I feel bad for the drivers who are going to be affected by these voluntary buyouts... what if they can't make ends meet? πŸ€•
 
man this is crazy news... like who does that many jobs disappear all at once? 🀯 it's not just about cost savings tho, there's gotta be more to it. amazon's influence on ups is pretty obvious but what if amazon isn't the only one driving these cuts? what if there's a bigger issue here that we don't know about yet? πŸ’­

anyway, job security in today's gig economy is already super sketchy and this just makes it worse... drivers are gonna get hit hard with voluntary buyouts or whatever. it's not like ups can just magically absorb the cost of those benefits. πŸ€”
 
30k jobs going down? that's a biggie πŸ€‘. i'm not buying the 'cost savings' excuse. amazon's having some issues too, so why are ups sacrificing its workers for their benefit? seems like a win-win situation for amazon, but what about the people who'll be out of work? have they considered the impact on small businesses and local communities that rely on ups? πŸ€”

according to wikipedia, UPS has been struggling with declining revenues due to competition from rivals and changes in consumer behavior. can we get some credible sources on this claim? also, what's the average age of these 30k jobs being cut? are they all entry-level positions or are we talking about senior workers who've dedicated their careers to ups?

anyway, i'm not convinced by ups's 'efficiency measures' excuse. sounds like a classic corporate move to me 🚫
 
I don't know man, I think this is a total game-changer for UPS... no wait, I'm sure it's gonna be a disaster πŸ€¦β€β™‚οΈ. Like, who needs all those jobs anyway? The company's already got Amazon breathing down its neck, so maybe cutting costs is a good idea? πŸ€‘ But at the same time, what about all the drivers who are gonna lose their jobs? I mean, they're not just any old workers, they're UPS drivers! They've got families to support and... but nope, corporate vultures striking again πŸ’”. And don't even get me started on the environmental impact of all those closed buildings 😷. It's like, what's the real cost savings here? 🀯
 
Man, I'm telling ya... back in my day, we used to value those UPS jobs like they were gold coins πŸ€‘. Now, it's all about cuttin' costs and gettin' that profit πŸ’Έ. I mean, I know Amazon's gotta make a buck, but 30,000 jobs? That's crazy talk 😲! The drivers are gonna be devastated, man... I feel for 'em. And what's with this "corporate vultures" nonsense? It's just business, folks πŸ™„. I guess you can't win 'em all. Still, it's sad to see the company goin' in that direction πŸ˜”.
 
I don't usually comment but I think it's crazy that they're cutting so many jobs... like, I get it, costs and all that, but 30k people? That's a lot of folks who are gonna be outta work πŸ€•. And it's not just the job losses themselves, it's the whole emotional thing... what about the families, the communities that are affected by this? I don't think we should be celebrating the fact that UPS is making more money πŸ’Έ, even if they do say they're gonna keep some jobs open. It feels like a big corporate game to me 🎲. What really got me was the part about Amazon driving this change... I mean, I know they're a huge customer and all, but shouldn't we be talking about how that affects the workers, not just UPS?
 
omg 30k jobs lost that's crazy what kind of ppl do they think will just leave b/c of a voluntary separation lol like i know i wouldnt wanna go thru that again πŸ€” anyway, its weird they say cost savings but didnt specify where theres the $3 bil comin from? also, amazon is really big on this 50% less shipments thing...do they even need that much less? πŸ€‘
 
I'm so surprised they're not getting sued out of existence by all these laid off workers... like, what's next? People just gonna walk away from their jobs 'cause the big bad corporate machine comes along and tells them there's no more work? The 30k job cuts are probably just a drop in the bucket for Amazon's bottom line. And the fact that UPS is getting a pass on this is straight up disturbing... all they're doing is passing the buck to their drivers who will probably get screwed by the second voluntary separation program too πŸ€‘πŸ’Έ
 
Back
Top