UPS cutting 30,000 jobs, closing 24 facilities in 2026

[Yo_Mama_Been_Loggin]

The United Parcel Service, one of America's largest shipping and logistics companies, announced plans this week to cut 30,000 jobs in the coming year.

In a company earnings call on Jan. 27, UPS CFO Brian Dykes cited poor fourth-quarter performance, attributed partially to decreased package volume from Amazon and the deadly crash of UPS Flight 2976 in Louisville on Nov. 4. Last year, UPS accelerated its mission of limiting its relationship with Amazon, aiming to cut the volume of packages it handles from the retailer by 50% by the second half of 2026.

The company saw the average daily volume of packages it handles plummet by 2 million pieces, Dykes said in the call, largely due to this Amazon action.

"We plan to reduce total operational hours by approximately 25 million hours," said Dykes of the year ahead. "...we expect to reduce operational positions by up to 30,000."

https://www.msn.com/en-us/money/companies/ups-cutting-30-000-jobs-closing-24-facilities-in-2026/ar-AA1V7v0X

[Lovie777]

1. Well that's bad.....

[pwb]

2. But profits will be untouched.

The wealth class's hold on money just keeps on going up, no matter what. It seems built in.

[FHRRK]

3. The article doesn't state the reason for cutting back Amazon deliveries

I will need to research a bit, is it Amazon delivering more on their own or the agreements were not profitable?

Either way, I can’t figure out how many of these deliveries are profitable.

I have neighbors, liberals, who get deliveries almost daily. Often times just one item like laundry detergent. WTF! How can you deliver a $10 bottle at detergent at competitive pricing and deliver in a few hours.

[snot]

5. I believe Amazon has a history

of operating new services at a loss in order to undercut competitors, then jacking up the price.

[Greg_In_SF]

4. If you intentionally

cut the number of Amazon packages you handle by 50%, I guess you lose 6% of your workforce

[snot]

6. Maybe they've decided that...

they need to become more competitive with the US Postal Service, which has been serving more addresses with fewer employees for quite a while now.