The shipping giant said the moves were expected to save $3.5 billion and were made in anticipation of “lower volumes from our largest customer,” which is Amazon.

UPS revealed the job cuts in its earnings report released today, which it says are linked to “lower volumes from our largest customer,” Amazon. The company announced earlier this year that it will decrease its Amazon deliveries by more than 50 percent by the second half of 2026.

(Bloomberg) — United Parcel Service Inc. expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon.com Inc.