UPS Plans Up to 30,000 Job Cuts in 2026

United Parcel Service, the world's largest package delivery company, announced plans Tuesday to eliminate up to 30,000 operational jobs this year as part of ongoing efforts to streamline operations and reduce its reliance on shipments from Amazon, its largest customer.

The job reductions, which will affect full-time drivers and other operational staff, will occur through voluntary buyout offers and natural attrition, avoiding forced layoffs, according to Chief Financial Officer Brian Dykes during the company's earnings conference call. UPS also intends to close 24 facilities in the first half of the year while assessing additional closures later in 2026. The moves build on previous cost-cutting measures, including about 34,000 operational position eliminations and the shutdown of daily operations at 93 leased and owned buildings during the first nine months of 2025, as detailed in an October regulatory filing. The company separately disclosed around 14,000 management job cuts last year. With a workforce of approximately 490,000 employees, many of whom are unionized, UPS has been reshaping its business amid shifting e-commerce demands.

The strategy centers on scaling back Amazon...