UPS has announced significant workforce reductions and facility closures following its decision to end a major contract with Amazon. The company aims to enhance profitability by focusing on more lucrative business opportunities. This move involves slashing approximately 20,000 jobs and closing over 70 facilities across the country. The decision reflects UPS’s strategy to optimize operations and adapt to changing market dynamics. According to company officials, this restructuring is expected to improve financial performance in the long term.
— new from Fortune
