UPS TO CUT 12,000 JOBS

Posted on January 31, 2024 by mailomg in memo 702 // 0 Comments

From the Associated Press: UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. On a conference call Tuesday morning, CEO Carol Tome said that by reducing the company’s headcount UPS will realize $1 billion in cost savings. The job eliminations are anticipated to be among management roles and contractors, the company said. Tome said that UPS is ordering employees to return to the office five days a week this year … (click to read more)

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