UPS plans to reduce its workforce by 20,000 positions, with revenue for the first quarter of 2025 remaining unchanged.

UPS plans to cut 20,000 jobs and close 73 facilities by mid-2025 as part of a network reconfiguration aimed at achieving $3.5 billion in cost savings. The company's first-quarter revenue was $21.5 billion, a slight drop from the previous year, while operating profit rose by 3.3%. Despite a minor increase in U.S. domestic revenue, international revenue grew by 2.7%. CEO Carol Tomé emphasized the need for these changes to adapt to a shifting trade environment. The Teamsters union has expressed strong opposition to any violation of their contract regarding job cuts.