** Shares of United Parcel Service UPS.N rise 4% to $101 premarket
** UPS beat estimates for Q1 profit and revenue, says will cut jobs as it moves to control costs against a tough macroeconomic environment
** Co expects to cut workforce by about 20,000 jobs in 2025 and close 73 leased and owned buildings by end of June; expects to generate $3.5 bln of cost savings
** UPS posts Q1 adj. EPS of $1.49, ahead of analysts' average estimate of $1.38, according to data compiled by LSEG
** Q1 revenue $2.16 bln vs estimate of $2.11 bln, per LSEG data
** As of last close, stock had fallen 23% YTD
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))
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