Summary
United Parcel Service (UPS) announced it cut 48,000 jobs in the first nine months of 2025. These reductions were mainly in management and operational roles and were part of cost-saving measures. UPS reported earnings that exceeded Wall Street forecasts for the third quarter.
Key Facts
- UPS has cut 48,000 jobs as of the first nine months of 2025.
- Of these, 14,000 were management positions.
- The remaining 34,000 reductions affected operational roles, including logistics and delivery.
- The layoffs were part of UPS’s ongoing efforts to save costs.
- The company has saved about $2.2 billion as a result of these measures.
- UPS reported third-quarter revenues of $21.4 billion.
- The company’s earnings per share were $1.74, above Wall Street expectations.
