AssetID: 55419994
Headline: UNCAPTIONED: UPS To Cut 30,000 Jobs As It Scales Back Amazon Deliveries
Caption: UPS To Cut 30,000 Jobs As It Scales Back Amazon Deliveries. Parcel delivery giant UPS says it will cut up to 30,000 jobs this year as it continues to reduce shipments for its biggest customer, Amazon. The company says Amazon deliveries are “extraordinarily dilutive” to profit margins, prompting a strategic shift toward more profitable customers, including healthcare firms. The job cuts will come through buyout offers to full-time drivers and by not replacing staff who leave voluntarily. Despite the cuts, UPS reported a strong financial performance, posting $24.5 billion in revenue in the final quarter of last year and forecasting a surprise rise to nearly $90 billion for the year ahead. As part of its turnaround plan, UPS already cut tens of thousands of jobs and closed dozens of facilities in 2025, with more closures planned this year. Chief executive Carol Tome says the company is in the final phase of reducing Amazon volumes by another million parcels a day. UPS also confirmed it is retiring its MD-11 cargo aircraft following a fatal crash in Kentucky, marking a further reshaping of its global network. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,UPS,to cut,30000,jobs,workers,drivers,delivery men,scales back,extraordinarily dilutive,customers. Healthcare firms,profitable,buyout offers,not replacing,voluntary
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