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UPS to cut 20,000 jobs to lower costs & prepare for potential pullback from Amazon
short by Bhuvnesh Ojha / on Tuesday 29 April, 2025
United Parcel Service (UPS), world's largest package delivery firm, said on Tuesday that it'll cut 20,000 jobs. It'll also shut 73 facilities to lower costs and to prepare for a potential pullback from its largest customer, Amazon. "The actions we are taking to reconfigure our network and reduce cost across our business could not be timelier," CEO Carol Tome said.
read more at Reuters