Ups Layoffs 2024 Airtel. 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. 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.
The shipping giant, which forecast weak demand for parcel delivery in 2024, has said it plans to lay off 12,000 employees to save $1 billion in costs. Managers and contractor positions will make up most of the layoffs.