UPS will cut up to 30,000 jobs in 2026

UPS plans to cut up to 30,000 jobs this year as it aims to reduce costs and increase profits. This follows last year's elimination of 62,000 positions, mainly affecting drivers and warehouse workers. The layoffs are due to expectations of delivering fewer packages for Amazon, which is UPS's largest customer.

Brian Dykes, CFO, stated cuts will mainly be in “operational positions” and may occur through attrition and voluntary separation. UPS also reported a net income decline to $5.57 billion for 2025.

The company is restructuring amidst challenges like a drop in shipments from China. Despite these issues, UPS’s stock has risen over 35% since last year's low, though it remains down 18% year-over-year. Lastly, UPS retired its MD-11 fleet following a crash in November.