UPS strokes 20,000 jobs: Amazon ensures massive layoffs!

UPS strokes 20,000 jobs: Amazon ensures massive layoffs!

New York, USA - The US parcel service UPS has announced that it will reduce 20,000 jobs worldwide. This decision was announced on Tuesday in New York and is a reaction to the significantly lower shipping volume of Amazon, the company's largest customer. UPS plans to transport only half as many packages for Amazon by June 2026, which has a significant impact on the corporate structure. Until the end of 2024 UPS employed around 490,000 employees global.

The announcement comes at a time when UPS already evaluates other cost reduction measures. CEO Carol Tome referred to the uncertainties regarding customs policy under Donald Trump's presidency. Despite the challenges, the company has a net profit of almost $ 1.2 billion for the first quarter of 2025, which represents an increase of around seven percent compared to the previous year. However, sales fell by 0.7 percent to $ 21.5 billion.

closures and staff reduction

A spokeswoman for Amazon, Kelly Nantel, confirmed the decline in shipping volume and emphasized the continued partnership with UPS. This development shows how strongly dependence on a major customer can influence the corporate strategy.

context of the labor market situation

The situation at UPS is not isolated. German companies, especially in industry, are also increasingly planning job cuts, which is illustrated by a decline in the IFO employment barometer to 93.0 points in February. This number is below the value of 2020 and reflects the tense situation on the labor market. Labor market experts expect an increase in unemployment in Germany for this year.

In summary, the job cuts at UPS illustrates the current challenges in the logistics sector, which are reinforced by changed customer needs and economic uncertainties. At the same time, this is another indicator of structural change that affects many industries worldwide