Is UPS stock in danger as Amazon and tariff pressure triggers layoffs?

Summary:⚈ UPS plans to lay off 20,000 workers after halving its Amazon business.⚈ Tariff pressure and Amazon’s shift to in-house delivery add uncertainty.⚈ Despite strong earnings, UPS stock is down nearly 22% in 2025.By press time on April 30, the United Parcel Service (NYSE: UPS) – or rather, UPS workers – was the first major casualty of the escalating 2025 trade war.Specifically, on April 29, UPS revealed its plans to lay off as many as 20,000 employees later this year, due to cutting its work for Amazon ...