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UPS Plans to Cut 20,000 Jobs and Close 73 Facilities Amid Amazon Shipping Reduction

UPS Plans to Cut 20,000 Jobs and Close 73 Facilities Amid Amazon Shipping Reduction

BUSINESS - 4/29/2025

UPS is set to lay off 20,000 employees and shut down over 70 facilities as it reduces Amazon shipments. CEO Carol Tomé emphasizes the need for cost reduction amidst uncertain economic conditions.

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