💨 Abstract

UPS, the package delivery company, announced plans to cut 20,000 jobs and close more than 70 facilities, as it reduces its Amazon shipments volume by over 50% by mid-2026. The decision follows a reassessment of its relationship with Amazon, its largest but least profitable customer. UPS's first-quarter earnings were better than expected, with revenue of $21.55

Courtesy: wtop.com

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