United Parcel Service (UPS) is reportedly planning to eliminate approximately 20,000 jobs and close around 73 facilities.
A spokesperson told Reuters that the company is slashing 50 per cent of its shipping volume from Amazon, its largest customer, and cutting costs as part of a major operational restructuring.
“The world hasn’t been faced with such enormous potential impacts to trade in more than 100 years,” UPS CEO Carol Tome told investors on its recent earnings call — noting U.S. President Donald Trump’s decision to slap various countries with sweeping duties.
The bombshell update comes just days after the shipping giant announced that it’s planning to acquire Vaughan-based Andlauer Healthcare Group.
SEE ALSO
• UPS slashing 12,000 jobs in 2024 amid drop in shipping volume
• Meta trims Reality Labs division in April, Oculus Studios staff affected
• OpenText reportedly trimming Canadian workforce in April
• Intel reportedly planning to slash more than 20% of staff in 2025
Samfiru Tumarkin LLP is working to determine if any Canadian employees at UPS will be affected.
According to LinkedIn, the company has more than 4,000 workers in the country.
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