UPS is set to cut approximately 20,000 jobs and close 73 facilities as it faces a significant reduction in shipments from Amazon. The company’s decision comes as part of a strategy shift in response to recent tariffs impacting operations. Despite beating profit estimates in its latest earnings report, UPS anticipates lower volumes due to the declining business relationship with Amazon. As corporate turbulence continues, these layoffs highlight the broader challenges faced by companies navigating changing trade dynamics.