UPS to cut up to 30,000 jobs as Amazon volumes decline

UPS plans to cut up to 30,000 jobs in 2026 as part of a comprehensive restructuring. Reason: the company expects significantly fewer parcel deliveries for Amazon, which is described as a large but unprofitable customer. UPS is trying to reduce its dependence on low-margin volume business and is focusing on higher-value customers. The cost cuts and strategic realignment are being received positively by investors; the price-earnings outlook suggests that EPS (earnings per share) could stabilise after recent declines.