Tech Insider
Carol B. Tome on a yellow and brown collage
The job cuts will reportedly save UPS $1 billion in 2024.

UPS, Kevin Dietsch/Getty, Tyler Le/BI

  • UPS announced that it will cut 12,000 jobs in 2024.
  • CEO Carol Tomé is seeking to offset high labor costs and low package demand.
  • UPS drivers received a pay bump up to $170,000 in total compensation in 2023.

The job cuts in 2024 are continuing.

UPS is set to reduce its headcount by 12,000 jobs in 2024 following a historic pay agreement with its drivers.

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Careers, UPS, Layoffs, ups-drivers, earnings-call, job-cuts, tyler-le, bi-illustration
Source
UPS is cutting 12,000 jobs as CEO cites soft demand and high labor costs follow…