Ups Layoffs 2024 Air Force

Ups Layoffs 2024 Air Force. Ups stock price dropped sharply tuesday as it announced layoffs amid falling revenue, and hinted at a possible sale of its coyote truck load brokerage business. Facilities as it shifts more volume into a growing number of automated package hubs, a top executive said during the logistics.

Ups will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. 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.