United Parcel Service Layoffs: What to Know About the Latest UPS Job Cuts in 2024

United Parcel Service (NYSE:UPS) layoffs are coming for the delivery company’s employees in 2024 after the company reported lackluster earnings on Tuesday.The United Parcel Service layoffs will result in the company cutting 12,000 jobs after it saw package volume decrease during its previous quarter. That includes both 7.4% domestic and 8.3% international shipping declines.The UPS layoffs are part of the company’s effort to adjust its resources for a better 2024. The job cuts will also help it reduce spendi ...