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Ups Cutting Jobs 2025 Election Map. Job Market 2024 Usa Ester Janelle (WDRB) -- United Parcel Service, Louisville's largest employer, plans to cut 12,000 jobs -- about 3% of its worldwide workforce -- after what its CEO called a "difficult and. UPS said it had reached an agreement in principle with its top customer to lower volume by more than 50% by the second half of 2026

And adjusted operating margin is expected to decline to. (END) Dow Jones Newswires January 30, 2025 06:53 ET (11:53 GMT)

UPS To Cut 12,000 Jobs One News Page VIDEO

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. The cuts will drive a $1 billion cost savings in the 2024 calendar year, but the full-year benefit will come in 2025, according to UPS CEO. Managers and contractor positions will make up most of the layoffs.

Job Market 2024 Usa Ester Janelle. For 2024, UPS said it expects 2024 revenue of $92 billion to $94.5 billion, which is below the current FactSet consensus of $95.51 billion UPS has already laid off 12,000 workers over the last year across the country

Government Shutdown 2025 Vote Results Nabil Wesley. Managers and contractor positions will make up most of the layoffs. The cuts will drive a $1 billion cost savings in the 2024 calendar year, but the full-year benefit will come in 2025, according to UPS CEO.