Ups Management Layoffs 2024. 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 company's q4. 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.

Managers and contractor positions will make up most of the layoffs. Ups will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply.