31, 2024 Updated 4:34 P.m.

United parcel service plans to cut about 12,000 jobs this year as the company tries to slash costs in the face of falling package volumes and higher wages. They come after the shipping giant saw its revenue decline by 9.3% to $91 billion from. Ups job cuts to hit 12,000.

Robert Nickelsberg / Contributor—Getty Images

Louisville’s ups centennial hub will see layoffs starting feb. Employee confidence has taken a nosedive. Ups announced tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs.

Anticipates 2024 Revenue In A Range Of Approximately $92 Billion To $94.5 Billion, Short Of Wall Street’s Expectations For A Figure.

Ups) slipped modestly on friday following an announcement. Will lay off thousands of employees, most of them early this year, after the company's revenue declined nearly 10% in 2023. The job cuts come as ups issued a disappointing sales outlook for this year, saying it expects.

Revenue Also Came Up Short In The.

Ups plans to cut roughly 12,000 jobs this year to save $1 billion in costs as the delivery giant navigates a soft demand environment, executives said on the. Shares of ups dropped nearly 9% tuesday. Here's what you need to know about ups layoffs:

On Friday, Online Furniture And Home Goods Retailer Wayfair Announced It Was Laying Off About 1,650 Global Employees—13% Of Its Workforce.

What to know about the recent layoffs story by chris sims, indianapolis star • 18h ups will have layoffs in 2024, but it's not yet clear. Shares of shipping service and supply chain management specialist united parcel service (nyse: 16, ups spokesperson mechelle stanchfield confirmed via email to the courier journal thursday.