Parcel delivery giant UPS says it will cut up to 30,000 jobs this year as it further reduces shipments for its biggest customer, Amazon.
The world's largest package delivery company has been scaling back deliveries for the online retail giant, which it says are "extraordinarily dilutive" to its profit margins.
UPS says the job cuts would be made through buyout offers to full-time drivers and by not replacing staff who leave the company voluntarily.
At the same time, it reported earnings of $24.5bn (£17.7bn) for the final three months of last year. It also forecast a surprise increase in revenue to $89.7bn for the year ahead.
Last year, UPS said it would start to reduce its dependency on Amazon as part of a turnaround plan, which would see the company focus on more profitable customers like healthcare companies.
