UPS to cut 30,000 jobs in pivot away from Amazon

United Parcel Service expects to shed up to 30,000 jobs in 2026 through attrition and buyouts as it continues to shrink its delivery deal with Amazon.

Why it matters: UPS was getting 12% of its revenue from Amazon deliveries before deciding to pare back those shipments in pursuit of a more profitable, efficient business.

Driving the news: The shipping giant will cut up to 30,000 "operational positions" in 2026, CFO Brian Dykes said Tuesday on an earnings call.

• That "will be accomplished through attrition" plus a new "voluntary separation program for full-time drivers," he said.
• The company also plans to close 24 buildings in the first half of the year while evaluating additional facilities for closure in the second half.
• "Plus, we plan to further deploy automation across the network," Dykes said.

By the numbers: UPS had already cut 48,000 positions in 2025, including 15,000 fewer seasonal roles, as it adjusted to lower volume.

• All told, the company expects to save $3 billion from the Amazon shipment cuts.

The other side: "Considering drivers overwhelmingly rejected it the first time, UPS may try to resurrect its disrespectful buyout program, but Teamsters still know our worth," the Teamsters union — which represents UPS workers — said in a statement.

• "We're perfectly happy for UPS to realize growth and cost savings on the backs of corporate managers so long as they uphold their contractual commitments to our members and reward the Teamsters who actually make the company run."

Editor's note: This story has been updated with a statement from the Teamsters union.