UPS to cut 12,000 jobs worldwide following poor 2023 performance. Here's what to know

"... issues including continual decreases in package volume and several business operation adjustments that altered shifts and, in some cases, led to layoffs.

To cut costs in an already challenging 2024, UPS announced Tuesday it will reduce its worldwide workforce by 12,000 positions this year, leading to roughly $1 billion in savings for the company...."   
Source: www.courier-journal.com

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