India, Jan. 28 -- Over 30,000 positions are set to be eliminated at United Parcel Service, commonly known as UPS, following the company's layoff announcement made on Tuesday, coinciding with the impending end of its profitable delivery partnership with Amazon.

However, the company asserts that these layoffs are essential as it aims for a strategic transformation to protect the brand from potential losses anticipated by 2026.

UPS Chief Financial Officer Brian Dykes addressed analysts after the release of the company's quarterly earnings, according to a report from CNBC. He elaborated on the necessity of these reductions. Brian Dykes indicated that UPS intends to decrease approximately 25 million total operational work hours due to a decl...