United Parcel Service (UPS) announced on January 27, 2026, during its earnings conference call that it expects to cut up to 30,000 operational positions in 2026. Chief Financial Officer Brian Dykes said the reductions will come through attrition and a second voluntary separation program for full-time drivers.
UPS will shutter 24 more facilities in the first half of 2026, with even more closures likely before the year is out. After already closing 93 sites in 2025, the company is betting on automation and slashing 25 million operational hours to squeeze out another $3 billion in savings.
CEO Carol Tome explained the cuts tied to the ongoing reduction in Amazon package volume. "We're in the final six months of our Amazon accelerated glide down plan, and for the full year 2026, we intend to glide down another million pieces per day while continuing to reconfigure our network," Tome said.
This comes right after UPS axed 48,000 jobs in 2025, including management and the first-ever driver buyouts. The company is clearly done with unprofitable Amazon shipments and is now chasing bigger profits in healthcare and other sectors.
UPS projected 2026 revenue at $89.7 billion, up from $88.7 billion in 2025.