UPS Cuts 20000 Jobs Closes Facilities As Amazon Shifts Demand
In response to declining Amazon business volume, UPS plans to lay off 20,000 employees and close 73 facilities, aiming to save $3.5 billion through a "network restructuring" initiative. UPS will focus on high-margin businesses, increase automation investments, and actively explore new growth areas to adapt to changes in the logistics industry. This strategic shift is designed to improve efficiency and profitability amidst evolving market dynamics and reduced reliance on a single major client.
