The shipping giant said the moves were expected to save $3.5 billion and were made in anticipation of “lower volumes from our largest customer,” which is Amazon.

UPS on Tuesday announced it is planning to cut 20,000 jobs this year, part of a cost-cutting effort that's linked to the delivery giant's decision to deliver fewer packages from Amazon, its biggest customer.

The package giant is shrinking its workforce and closing facilities after a shift away from its biggest customer.