After Amazon and Target, logistics giant United Parcel Service (UPS) announced that in the first nine months of 2025, it had eliminated around 48,000 jobs as part of its cost-cutting initiative. Most of these layoffs affected truck drivers and warehouse workers in the US, however, approximately 14,000 management and corporate employees were also asked to resign. UPS cuts 48,000 jobs in major overhaul UPS’ mass layoffs come amid the company’s effort to improve profits and regain investor confidence. The Atlanta-based delivery giant confirmed the number on Tuesday while announcing its third-quarter results, which exceeded Wall Street expectations.