UPS aims to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles.

United Parcel Service said it is cutting 20,000 operational positions this year, moving to slash expenses after breaking ways with Amazon.com, its biggest customer.UPS, which has nearly 490,000 employees,

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.