United Parcel Service (UPS) has announced that it will eliminate 30,000 jobs this year, as part of a restructuring plan and withdrawal from the partnership with Amazon.

The financial director, Brian Dykes, mentioned that UPS will reduce operational activity by approximately 25 million hours, and the reductions will be made through natural departures and a voluntary departure program for full-time drivers. The company will close 24 buildings by 2026, after closing 93 locations last year, and further closures are possible.

UPS, led by CEO Carol Tomé, is undergoing a transformation process, estimating savings of $3 billion from its separation from Amazon, its former largest customer. Although it eliminated 48,000 jobs last year, UPS reported solid results in the fourth quarter, exceeding expectations and prompting a nearly 2% increase in shares.