Ups Layoffs 2024. Ups plans to reduce its workforce by some 12,000 employees, the shipping giant announced on its fourth quarter earnings call tuesday after it fell short of. 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.
They come after the shipping giant saw its revenue decline by 9.3% to $91 billion from. Headcount reductions in 2024 will be concentrated within management roles and contracted positions, with 75% of the cuts.