<ul><li>UPS plans to cut 20,000 jobs and close 73 facilities by June 2025 due to reduced shipping volume from Amazon.</li><li>Amazon is set to reduce its shipping volume with UPS by more than 50% by mid-2026.</li><li>UPS aims to save $3.5 billion in costs and maintain its financial outlook with projected revenue of $89 billion for 2025.</li><li>The restructuring at UPS reflects how companies are adapting to changing client demands and global trade challenges.</li></ul>

UPS to cut 20,000 jobs as Amazon scales back shipments

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