Amazon decline trickles down to huge UPS layoff [View all]

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Amazon decline trickles down to huge UPS layoff

Sarah K. Burris
April 29, 2025 11:23AM E

UPS has announced that an anticipated drop in Amazon deliveries will impact the shipping company's workforce. The company announced Tuesday it was shedding 20,000 workers, CBS News reported.

As tariffs take effect, Americans are showing a lack of interest in paying the 145% tax on goods imported from China — resulting in an expected decline in Amazon purchases. President Donald Trump introduced the tariffs as part of his hardball approach to persuade China to comply with his demand for lower tariffs on goods entering the U.S. from China.

UPS has announced that an anticipated drop in Amazon deliveries will impact the shipping company's workforce. The company announced Tuesday it was shedding 20,000 workers, CBS News reported.

As tariffs take effect, Americans are showing a lack of interest in paying the 145% tax on goods imported from China — resulting in an expected decline in Amazon purchases. President Donald Trump introduced the tariffs as part of his hardball approach to persuade China to comply with his demand for lower tariffs on goods entering the U.S. from China.

According to CBS, the reduction of 20,000 employees is equivalent to a little more than 4% of its 490,000-person workforce.

The company also announced it would be closing 73 of its buildings by the end of June 2025. There may be further building closures, the company said.

The goal is to achieve higher profits, executives said during a Tuesday morning earnings call.

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