UPS to cut 20,000 jobs as it slashes Amazon deliveries

UPS has about 490,000 employees, suggesting the planned cuts will account for 4% of its staff

- Bloomberg

United Parcel Service Inc. expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon.com Inc. The reduction in its operational workforce—a group that includes delivery drivers and package handlers—is part of a network overhaul in response to expected "lower volumes from our largest customer". UPS said Tuesday in a statement that also detailed first-quarter results. The Atlanta-based company will shutter 73 leased and owned buildings by the end of June and said it may identify additional facilities for closure.