United Parcel Service (UPS), one of the largest shipping and logistics companies in the United States, has announced plans to cut 30,000 jobs and close 24 facilities in the first half of 2026.
The announcement was disclosed by UPS Chief Financial Officer Brian Dykes during the company’s earnings call on January 27.
He attributed the planned cuts to weaker fourth-quarter performance, driven in part by falling package volumes from Amazon and the impact of the UPS Flight 2976 crash in Louisville on November 4, 2025.
According to Dykes, UPS has been actively reducing its reliance on Amazon, targeting a 50 percent reduction in the volume of packages it handles from the retailer by the second half of 2026.
“We plan to reduce total operational hours by approximately 25 million hours. We expect to reduce operational positions by up to 30,000,” he said
“We are making careful decisions to position UPS for long-term competitiveness. These changes, though difficult, are aimed at aligning our workforce with the current volume trends and technology investments,” he said.
UPS’s 2026 job cuts are part of a broader multi‑year restructuring plan that began well before this week’s announcement.
In its fourth quarter of 2025, UPS reported consolidated revenue of $24.5 billion, down 3.2 percent compared to the same period in 2024. Full-year revenue for 2025 was down by $2.4 billion compared to 2024.
Several major companies are reducing staff as they adjust to market pressures, automation, and strategic shifts in focus.
Meta announced it planned to cut over 1,000 jobs from its Reality Labs division as it shifts its investment away from metaverse products.