UPS has cut roughly 48,000 positions this year — 14,000 in management and 34,000 in operations — as part of a sweeping cost-reduction push, The Wall Street Journal reports.
The shipping giant revealed the layoffs in its latest earnings report, saying the restructuring has already saved about $2.2 billion in 2025
Despite falling third-quarter profit and revenue, both beat Wall Street expectations, sending shares up more than 12% in premarket trading.
UPS said it remains confident heading into the holiday rush, emphasizing that the cuts will make the company leaner and more efficient going forward.
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