UPS cut more jobs than expected this year, shrinking its operational workforce by 34,000 with layoffs and buyouts

"The shipping service has reduced its operational workforce by about 34,000 jobs in 2025, the company said Tuesday. UPS said in April that it expected to eliminate about 20,000 positions this year. UPS offered early retirement packages for some drivers to realize some of the reductions, CEO Carol Tomé said on a call after the company released earnings results. The company also said that it closed more of its facilities than expected, shuttering 93 leased and owned buildings in the first nine months of 2025."

"UPS still expects $3.5 billion in savings this year from the cuts, the company said. The effort represents the "largest network reconfiguration in our history," chief financial officer Brian Dykes said during Tuesday's earnings call. The company also said that it cut 14,000, mostly management positions, this year, in line with a previous announcement. UPS is cutting back on parts of its business that it says are less profitable."

UPS reduced its operational workforce by about 34,000 jobs in 2025, exceeding its April plan to eliminate about 20,000 positions. The company closed 93 leased and owned buildings in the first nine months of 2025, compared with a prior plan to shutter 70 facilities. Early retirement packages were offered to some drivers to achieve reductions, and 14,000 mostly management positions were cut consistent with earlier announcements. UPS expects $3.5 billion in savings from the cost-cutting initiatives and describes the effort as the largest network reconfiguration in its history. UPS is trimming less-profitable businesses, including plans to halve its Amazon business by mid-2026.

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