UPS has announced its plan to layoff 20,000 employees and lessen delivery volume of Amazon packages. Find out more about cost-cutting efforts here.

UPS is cutting 20,000 jobs and closing some facilities as the delivery company reduces the amount of Amazon packages it handles.

In January, UPS announced its plan to reduce the volume of Amazon shipments ... through automation and consolidation. The sweeping layoffs also come amid growing evidence suggesting President ...

Currently, UPS operates within more than 200 countries and employs 490,000 individuals. The recently announced plan to layoff employees will affect over 4% of the delivery company's workforce.