Amazon Go and Fresh stores are closing
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Through its brick-and-mortar trials, Amazon realized its customers have a stronger brand affinity with Whole Foods Market than they do with Amazon Go or Amazon Fresh convenience stores. Fully closing these concepts allows the company to consolidate its brick-and-mortar strategy entirely around Whole Foods.
United Parcel Service plans to eliminate 30,000 jobs in 2026 as it untangles its partnership with Amazon, signaling another year of deep job cuts in a bid to turn around its business. The shipper will also shutter 24 buildings in the first half of the year,
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling investors that a long-awaited rebound in demand for its parcel services won’t arrive this year and prompting it to slash its low-margin business with Amazon.
United Parcel Service will cut up to 30,000 operational roles and shut another 24 facilities in 2026, the world's largest package delivery company said on Tuesday, as part of a planned shift toward higher-margin shipments.
UPS has a unionized workforce. The CFO said many of the cuts will come from not filling jobs when part-time workers leave the company.