UPS is preparing to reduce its workforce by up to 30,000 jobs as part of a major turnaround plan. This move comes in response to declining volumes from its Amazon partnership, prompting the company to scale back on low-profit deliveries. UPS has indicated that the job cuts will be accompanied by the closure of more than 20 facilities. Despite this downsizing, UPS reported strong profits, reflecting investor confidence in its strategic adjustments. The company has emphasized the need to streamline operations and optimize its network as it unwinds its relationship with Amazon.