“Putting it all together, we remain on track to achieve our 2025 expense reduction target of about $3.5 billion.”

In context

“pated. In terms of part-timers, we expect the attrition rate to synchronize over time. For full- timers, we recently announced a voluntary separation program for all U.S. drivers. And 1 week into the offer, we are seeing a level of interest that's in line with our expectations. And then our fixed cost bucket, year-to-date, we've completed the closure of 155 operations, including closing 74 buildings. We continue to evaluate the network and the impact of the Amazon volume decline and expect to close additional buildings and operations in the back half of 2025. And while we've been rightsizing the network, we've also deployed additional automation to continue to drive efficiency. Lastly, as Carol mentioned, savings from our efficiency reimagined initiative accelerated in the second quarter. Putting it all together, we remain on track to achieve our 2025 expense reduction target of about $3.5 billion. Partially offsetting this reduction is the higher-than-expected Ground Saver delivery expense. Moving to the rest of 2025. There's a lot of uncertainty right now due to tariff and trade changes, and the potential impacts on consumer behavior is unknown. Because of this, we see a risk for greater variability in SMB and enterprise volume. Additionally, in the U.S., while we are confident in the strategic changes we are making with our network reconfiguration and revenue quality focus, 2 impactful changes remain uncertain. First, the timing with implementing Ground Saver solutions is pending, and second is the full impact of the driver voluntary separation program and related take rate and departure date. For all these reasons, we are not providing any forward-looking revenue or operating pr”