UPS to layoff nearly 12,000 employees across the globe to 'align resources fo 2024'

Following a sharp drop in income year over year, UPS intends to let off approximately 12,000 workers,

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company officials revealed to USA TODAY on Tuesday morning.

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During a corporate earnings call, CEO Carole Tomé of the Atlanta-based

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company stated that the employment decrease is a part of an effort to align resources in 2024 and will save the company approximately $1 billion.

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In a statement issued by the business on Tuesday, Tomé stated,

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"I want to thank UPSers for providing the best on-time performance of any carrier for the sixth year in a row."

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"We stayed focused on controlling what we could control, stayed on strategy, and strengthened our foundation for future growth throughout 2023—a unique and challenging year."

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USA TODAY was informed that Brian Hughes, Director of Financial and Strategy Communications at UPS, has verified the layoffs.

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BY - ASHAY JAIN

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