- UPS said it would cut 20,000 jobs this year as it overhauls its US network to boost efficiency.
- The shipping giant plans to shutter 73 facilities and save $3.5 billion as demand remains soft.
- The cuts are linked to the “changing trade environment,” UPS CEO Carol Tomé said.
UPS plans to slash 20,000 jobs this year as part of a cost-cutting drive amid the shifting global trade landscape triggered by President Donald Trump’s tariffs.
The move comes as the shipping giant grapples with soft demand, especially from its largest customers. UPS said it would also look to close 73 facilities by the end of June.
“With our action, we will emerge as an even stronger, more nimble UPS,” the company’s CEO, Carol Tomé, said in a statement on Tuesday…