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Brian Dykes

Brian Dykes

Chief Financial Officer, UPS

Appears in 1 story

Notable Quotes

"We expect to reduce operational positions by up to 30,000. This will be accomplished through attrition, and we expect to offer a second voluntary separation program for full-time drivers." — January 2026 earnings call

Stories

UPS exits Amazon delivery business

Money Moves

Executing cost reduction strategy

Amazon was UPS's largest customer for nearly three decades. Now UPS is walking away from the business. On January 27, 2026, the parcel carrier announced 30,000 additional job cuts and 24 facility closures as it accelerates a plan to slash Amazon deliveries by more than half—calling the relationship 'extraordinarily dilutive' to its profit margins. UPS stock rose 4% in pre-market trading on the earnings beat before concerns about a weak first-quarter outlook tempered investor enthusiasm.

Updated Jan 29