UPS Cuts 48,000 Jobs as Turnaround Deepens But Beats Q3 Expectations
UPS announced it has eliminated 48,000 positions in 2025, accelerating its cost-cutting efforts amid a company-wide turnaround. The total includes 34,000 operational and 14,000 management roles, most already completed this year.
Despite the downsizing, UPS beat Wall Street estimates for Q3:
Earnings per share: $1.74 (vs. $1.30 expected)
Revenue: $21.4B (vs. $20.83B expected)
The company expects $24B in Q4 revenue with an 11–11.5% operating margin. Shares jumped 8% after the report.
CEO Carol Tomé called this “the most significant strategic shift in our company’s history,” citing $2.2B in cost savings so far, with a $3.5B goal by the end of 2025.
UPS has also been reducing its reliance on Amazon, whose shipping volume with UPS dropped 21% in Q3. As part of its restructuring, UPS closed 93 facilities and executed a $330M sale-leaseback for five properties.
The company says it’s ready for its most efficient peak season yet, leveraging AI to navigate tariffs and customs amid volatile global trade conditions.
https://www.cnbc.com/2025/10/28/ups-earnings-q3-2025.html
UPS 2025 Third Quarter Earnings
Log in to reply.