Ups Layoffs 2024 Calendar. Ceo carol tomé is seeking to offset high labor costs and low package demand. 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 said tuesday it will cut 12,000 jobs, with the mass layoff coming only months after the delivery company averted a massive strike by agreeing to a new labor contract. Managers and contractor positions will make up most of the layoffs.
