UPS to Cut 30,000 More Jobs as Amazon “Glide-Down” Reaches Inflection Point; Shares Gain
United Parcel Service (UPS) announced Tuesday a massive restructuring effort that will eliminate 30,000 operational roles in 2026, marking an aggressive acceleration of its pivot away from its largest but least profitable customer: Amazon. Despite the deep workforce reductions, Wall Street signaled strong approval of the “Better, Not Bigger” strategy. Amazon stock (AMZN) closed at … Read more
