Copyright Business Insider
UPS cut more employees this year than it expected to. 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. Previously, UPS had planned to close 70 facilities. 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. UPS is cutting back on parts of its business that it says are less profitable. The highest-profile example is its business with Amazon, which UPS said in January it would cut in half by mid-2026. Shares of UPS rose 12% in premarket trading on Tuesday after the company reported better-than-expected earnings.
