UPS to Cut 20,000 Jobs This Year as It Slashes Amazon Volume (1)

United Parcel Service Inc. expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon.com Inc.

The reduction in its operational workforce — a group that includes delivery drivers and package handlers — is part of a network overhaul in response to expected “lower volumes from our largest customer,” UPS said Tuesday. The Atlanta-based company will shutter 73 leased and owned buildings by the end of June and said it may identify additional facilities for closure.

A driver unloads packages from a UPS truck in San Francisco.

Photographer: David Paul Morris/Bloomberg

UPS aims to cut expenses and improve profitability after announcing a plan in ...