UPS to Cut 1,800 Jobs, Says Profit Exceeds Forecast - Bloomberg United Parcel Service Inc., the world’s largest package-delivery company, plans to cut 1,800 jobs as it shrinks management at a U.S. unit and said fourth- quarter earnings exceeded its forecast. Profit will be 73 cents to 75 cents a share, more than an October projection of as much as 65 cents, Atlanta-based UPS said today in a statement. Analysts expected 63 cents, the average of 18 estimates compiled by Bloomberg. UPS jumped the most since March. UPS said it will reduce the number of U.S. operating districts to 20 from 46 to streamline management of its small- package unit. The changes reflect UPS’s attempts to halt seven straight quarters of volume declines in its largest division, which generates about two-thirds of revenue, and compete with FedEx Corp. for new business as the economy improves.