United Parcel Service Inc. expects to cut 20,000 jobs this year and close dozens of facilities due to expected lower volumes from Amazon. The company aims to cut expenses and improve profitability, with the network reconfiguration expected to generate $3.5 billion of total cost savings this year. UPS reported adjusted earnings of $1.49 a share for the first three months of the year, topping analyst estimates, but backed away from its 2025 financial guidance due to macroeconomic uncertainty. Bloomberg Intelligence's Lee Klaskow reports.