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Snapshot 6:Wed, Jan 28, 2026 10:50:12 AM GMT last edited by Mr Bot

UPS to Cut 30,000 Jobs, Close Facilities Amid Restructuring

UPS to Cut 30,000 Jobs, Close Facilities Amid Restructuring

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The Spin

UPSUnion deliveredvictories strongcome financialat resultsa withsteep $8.5price billionwhen incompanies cashrespond flowto andinflated nearlylabor $9costs billionwith inmassive profitslayoffs. whileAfter successfullycelebrating executinga itsdeal strategicthat transformation.pays Thefull-time company'sdrivers "better not bigger" approach$170,000 including the Amazon volume reduction and network modernizationannually, positions UPS fornow sustainedplans marginto expansioncut and long-term competitiveness. Workforce adjustments of 30,000 positionsjobs. reflectThis necessaryis operationalthe efficiencypredictable improvementsconsequence thatof willpushing generatewages $3beyond billionsustainable in savingslevels.

UPS rakedis inslashing nearlyjobs $9not billionbecause inof profitsfinancial trouble but to pad profit margins for theWall secondStreet straightafter yearmaking yetnearly chose$9 tobillion slashin 30,000profits. jobsThe whilecompany showeringpaid shareholdersout with $6.4 billion to shareholders and wastingspent another billion on stock buybacks. Corporatewhile greedcutting drivesworkers. theseThis cuts,restructuring notprioritizes financialcorporate necessity,greed as executives prioritize Wall Street profit margins over the workersemployees who braveendure brutal conditions to generate those billions. Contract enforcement and unity remain the only defense against this shareholder-first agenda.


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© 2026 Improve the News Foundation. All rights reserved.Version 6.18.0

© 2026 Improve the News Foundation.

All rights reserved.

Version 6.18.0