UPS Says Its Big Restructuring — Including 14,000 Job Cuts — Is Finished

UPS's July 28 Q2 2026 results are the first to call its overhaul and roughly 14,000 job cuts complete rather than in progress. With Transformation 2.0 done and the cuts off the books, restructuring charges should shrink — narrowing the gap between UPS's official profit figure and its adjusted one, which excludes one-time costs.