UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles.

UPS is cutting 20,000 jobs in 2025. The delivery company also announced plans to close dozens of facilities. UPS plans to slash 20,000 jobs and close over 70 facilities as part of a plan to lower the ...

“People forget how severe that was,” he said. “So, what is happening now is not unprecedented in terms of recent economic history. … We’ve gone through these ups and downs before.” ...