UPS delivery truck - AP file 2021
FILE - The UPS logo is displayed on the side of a delivery truck in Mount Lebanon, Pa., Sept. 21, 2021. (AP Photo/Gene J. Puskar, File)
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The company employs about 490,000 workers, according to FactSet.
UPS has realized cost savings of approximately $2.2 billion as of Sept. 30. It anticipates achieving $3.5 billion total year over year cost savings in 2025.
UPS said Tuesday that it expects to cut 30,000 positions in 2026 a year after it eliminated 48,000, the Wall Street Journal reported.
