UPS on Tuesday announced it is planning to cut 20,000 jobs, part of a cost-cutting effort that's linked to fewer deliveries from Amazon, its biggest customer. The shipping company, which operates in over 200 countries, currently has around 490,000 employees.

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. The reduction in its operational workforce — a group that includes

UPS expects to save $3.5 billion in 2025 after cutting 20,000 jobs and closing 73 leased and owned buildings by the end of June, the company announced in its first-quarter earnings report.