UPS to cut up to 30,000 jobs and close facilities as Amazon shipments drop
Delivery and logistics group has been reducing its ‘volume’ from ecommerce giant by approximately 1mn pieces per day
Delivery and logistics group has been reducing its ‘volume’ from ecommerce giant by approximately 1mn pieces per day

Cuts will bring total number of lay-offs to 30,000 over past three months amid higher spending on AI

Job losses come as chief executive oversees a cost-cutting drive amid increased AI spending

Company warns earnings from licensing business will be below expectations after clients scale back online grocery plans

Employers look to cut down on costs as they accelerate investments in AI

Chief executive Andy Jassy warns the company will cut roles ‘in the next few years’

Amazon makes promising advances but the pool of human truck drivers is shrinking dramatically