United Parcel Service is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles. The package delivery company said ...

UPS plans to cut 20,000 jobs—about 4% of its global workforce—and is offering voluntary buyouts to U.S. full-time drivers for the first time. The move aims to cut costs amid falling revenue.

The so-called “Driver Voluntary Severance Plan” is the latest part of the company’s jobs massacre, including plans to eliminate 20,000 jobs this year.

With 20,000 job cuts announced, UPS is blaming trade slowdowns and Amazon’s growing logistics empire. But this video argues the layoffs were inevitable and that corporate loyalty is a myth.