Ups Layoffs 2024 Ai. The layoffs will eliminate around 2.4 percent of ups’s global workforce of roughly 495,000, with about 75 percent of the job reductions coming in the first half of 2024. To cut costs in an already challenging 2024, ups announced tuesday it will reduce its worldwide workforce by 12,000 positions this year, leading to roughly $1 billion in.

Ups has weathered volume declines over the past several quarters, and it is laying off workers and trimming labor hours to match its network capacity with current demand levels. Ups will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply.