UPS on Tuesday announced it is planning to cut 20,000 jobs, part of a cost-cutting effort that's linked to fewer deliveries from Amazon, its biggest customer. The shipping company, which operates in over 200 countries, currently has around 490,000 employees.

UPS expects to save $3.5 billion in 2025 after cutting 20,000 jobs and closing 73 leased and owned buildings by the end of June, the company announced in its first-quarter earnings report.

United Parcel Service Inc. expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon. The reduction in its operational workforce — a group that includes

White House Press Secretary Karoline Leavitt said on Tuesday that Amazon's announcement that it will include the price of tariffs on the pricetag for products is a hostile act.

Amazon is seeking steep discounts from suppliers and setting tough terms to protect its margins, as the technology giant works to limit the damage from US President Donald Trumps