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UPS To Cut 20,000 Jobs, Close Facilities As Amazon Shipments Drop Amid Trump Tariffs
Summary
United Parcel Service Inc. (NYSE: UPS) has disclosed its intentions to lay off 20,000 employees and cease operations in 73 facilities. This decision is attributed to a considerable decline in deliveries for Amazon.com Inc. (NASDAQ: AMZN), its primary client, and the ongoing repercussions of President Donald Trump's tariffs.
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Read Full ArticleArticle published on April 30, 2025 by benzinga