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By Hugh Cameron
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United Parcel Service (UPS) on Tuesday said it had cut 48,000 positions in the first nine months of 2025.
The Atlanta-based company said the reductions comprised 14,000 roles primarily in management, alongside around 34,000 cuts within its “operational workforce”—employees involved in its day-to-day logistics and delivery services.
When contacted for comment, UPS directed Newsweek to Tuesday’s release and emphasized that the 48,000 cuts had already occurred.
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Why It Matters
UPS said the layoffs were part of a broader effort to cut costs and reshape the company to better adapt to shifting market dynamics, as executives face pressure to stem a long-term decline in the share price, which has fallen by more than 20 percent this year.
What To Know
UPS disclosed the layoffs following the release of its third-quarter earnings, which showed consolidated revenue of $21.4 billion for the three months ended September 30 and adjusted earnings per share of $1.74. While these mark slight declines from $22.2 billion and $1.76 in the third quarter of last year, both figures came in ahead of Wall Street expectations.
UPS shares rose following Tuesday’s release, and were up over 7 percent at the time of writing.
The layoffs revealed on Tuesday have exceeded the reductions UPS announced earlier this year. In April, UPS said it would cut 20,000 jobs and shutter 73 buildings, citing a “highly uncertain” trading environment and its ongoing plan to reduce business with Amazon by 50 percent by the second half of 2026.
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UPS said it had closed “93 leased and owned buildings” so far in 2025 and that both the closures and the layoffs were part of a series of companywide streamlining initiatives. The company’s efficiency drive has resulted in cost savings of “approximately $2.2 billion” in the first nine months, and UPS expects to realize a total of $3.5 billion in savings by the end of the year.
“We continue to review expected changes in volume in our integrated air and ground network to identify additional buildings for closure,” the company said.
What People Are Saying
UPS CEO Carol Tomé said: “I want to extend my gratitude to all UPSers for their dedication and steadfast commitment to serving our customers. We are executing the most significant strategic shift in our company’s history, and the changes we are implementing are designed to deliver long-term value for all stakeholders. With the holiday shipping season nearly upon us, we are positioned to run the most efficient peak in our history while providing industry-leading service to our customers for the eighth consecutive year."
What Happens Next
For the fourth quarter, UPS forecasts consolidated revenues of around $24.0 billion, down from $25.3 billion last year.
Update 10/28/25, 11:15 a.m. ET: This article was updated with additional information.
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