From Yahoo Finance: 2025-04-29 11:25:00

UPS plans to cut 20,000 jobs and close 70+ facilities due to reduced Amazon shipments. CEO Carol Tomé says actions will make UPS stronger. The company reached a deal with Amazon to lower volume by over 50% by 2026. UPS reported first-quarter earnings of $1.40 per share, beating analysts’ expectations. UPS revenue was $21.55 billion, surpassing Wall Street estimates. UPS shares rose slightly in morning trading.



Read more at Yahoo Finance: UPS to cut 20,000 jobs, close some facilities as it reduces amount of Amazon shipments it handles