Ups Layoffs September 2024. Except in a few cases, a layoff at ups isn’t the same as being laid off elsewhere. 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 linked to a union contract it signed in.

Ups will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. Ups is eliminating 12,000 jobs in an effort to align resources in 2024 and will save the company nearly $1 billion, the shipping company’s ceo said.