UPS, which could actually end up being the big winner in its breakup with Amazon, is deeply unloved. Notably, its price-to-sales and price-to-earnings ratios are well below their five-year averages.

UPS ditched Amazon to be more profitable. Now it’s slashing 20,000 jobs and plans to close over 70 facilities Story by Irina Ivanova • 5d ...

UPS, meanwhile, has been trying for years to scale back its business with Amazon. The recent move accelerates the timeline, which may in part stem from a relatively new labor contract, analysts said.

UPS plans to cut 20,000 jobs and close 73 facilities in 2025 as it slashes Amazon shipments and reconfigures operations to improve profitability.

UPS announced $21.5 billion in revenue for the first quarter. The layoffs, along with its consolidation plan, will save $3.5 billion this year, according to the company.

UPS to slash 20,000 jobs on weak Amazon deliveries over Trump tariff turmoil By Taylor Herzlich Published April 29, 2025, 10:32 a.m. ET ...

Amazon accounted for 11.8% of UPS' overall revenue in 2024. "The actions we are taking to reconfigure our network and reduce cost across our business could not be timelier," Tome said.

UPS has long been a third-party delivery partner of Amazon. In January, it and Amazon agreed that the e-commerce giant would trim the volume of Amazon packages it handles by more than 50%.

Amazon has hired FedEx to handle some of its large package deliveries, the companies said Monday, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and ...

April 29 (UPI) -- UPS announced Tuesday that it will cut 20,000 jobs this year to save money due to a reduction in deliveries from Amazon, its top client. "We expect to reduce our operational ...