UPS cut nearly 48,000 jobs in 2025, more than initial expectations - UPI.com

Oct. 28 (UPI) -- Delivery company UPS reported on Tuesday higher-than-expected earnings but bigger job cuts in its business turnaround goals.

United Parcel Service revealed its workforce had been cut this year by some 34,000 jobs, about 14,000 more than its estimated reduction of 20,000. In addition, UPS eliminated around 14,000 corporate and management roles.

"We are executing the most significant strategic shift in our company's history, and the changes we are implementing are designed to deliver long-term value for all stakeholders," according to UPS CEO Carol Tome.

The cuts have already begun, UPS told CNBC in a statement.

UPS cut nearly 48,000 jobs in 2025, more than initial expectations - UPI.com

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