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.

UPS on Tuesday announced it is planning to cut 20,000 jobs this year, 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,

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

Amazon.com Inc.’s first batch of production satellites launched toward low-Earth orbit on Monday, the biggest step to date in the company’s effort to establish a business broadcasting internet connectivity from space.

Amazon's first internet satellites are in orbit. United Launch Alliance's Atlas rocket blasted off Monday from Florida, carrying 27 of Amazon's Project Kuiper satellites.

The company sent 27 Kuiper satellites into orbit Monday, but it needs to get thousands more to space to match SpaceX’s Starlink.