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UPS looks to cut up to 30,000 jobs this year

By The Associated Press

UPS is planning to cut up to 30,000 operational jobs this year as the package delivery company continues with its turnaround efforts and reducing the number of Amazon shipments that it handles.

Last year, UPS started on a plan to reduce dependency on its largest customer, Amazon, and focus on higher-profit areas such as healthcare customers.

Chief Financial Officer Brian Dykes said during the company’s conference call on Tuesday that the job cuts will be made through a voluntary buyout offer for full-time drivers and through attrition.

“This is a tactical move,” he said during a call with analysts. “We did something similar last year in order to help us to right-size the position levels and the network infrastructure with the new volume and delivery levels.”

UPS is also looking to close 24 buildings in the first half of the year and is evaluating additional buildings to close later in the year, he added.

UPS said in a regulatory filing in October that it had cut about 34,000 operational positions and closed daily operations at 93 leased and owned buildings during the first nine months of last year. The company also announced approximately 14,000 job cuts, mostly within management.

According to FactSet, UPS employs about 490,000 workers.

In April, UPS announced that it was looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the number of Amazon shipments it handles. The company said in January 2025 that it had reached a deal with Amazon, its biggest customer, to lower its volume by more than 50% by the second half of 2026.

CEO Carol Tome said during the conference call that by the end of 2025 UPS had reduced Amazon’s volume in its network by approximately 1 million pieces per day.

“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.

UPS also said it was officially retiring its fleet of McDonnell Douglas MD-11 cargo planes after a deadly crash in Louisville, Kentucky in November. The planes, about 9% of the UPS fleet, had been grounded.

Shares of United Parcel Service Inc. rose 3.4% in afternoon trading.

Massachusetts court hears arguments in lawsuit alleging Meta designed apps to be addictive to kids

By The Associated Press
BOSTON (AP) — Massachusetts' highest court heard oral arguments Friday in the state's lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2023 by Attorney General Andrea Campbell, alleges that Meta did this to make a profit and that its actions affected hundreds of thousands of teenagers in Massachusetts who use the social media platforms. “We are making claims based only on the tools that Meta has developed because its own research shows they encourage addiction to the platform in a variety of ways,” said State Solicitor David Kravitz, adding that the state's claim has nothing to do the company's algorithms or failure to moderate content. Meta said Friday that it strongly disagrees with the allegations and is “confident the evidence will show our longstanding commitment to supporting young people.” Its attorney, Mark Mosier, argued in court that the lawsuit “would impose liabilities for performing traditional publishing functions” and that its actions are protected by the First Amendment.
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