Chief Financial Officer, UPS
Appears in 1 story
Executing cost reduction strategy
Amazon was UPS's largest customer for nearly three decades. Now UPS is walking away from the business. On January 27, 2026, the parcel carrier announced 30,000 additional job cuts and 24 facility closures as it accelerates a plan to slash Amazon deliveries by more than half—calling the relationship 'extraordinarily dilutive' to its profit margins. UPS stock rose 4% in pre-market trading on the earnings beat before concerns about a weak first-quarter outlook tempered investor enthusiasm.
Updated Jan 29
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