BREAKING: UPS, $UPS, to cut 12,000 jobs after what its CEO called a "difficult and disappointing" year.

The company has stated that they are looking to cut $1 billion of annual costs.

UPS stock is currently down 6% after the announcement.

Over the last 3 months, layoffs have… pic.twitter.com/zA4Laq9FPL

— The Kobeissi Letter (@KobeissiLetter) January 30, 2024