A UPS truck is parked on a street in Midtown Manhattan on August 07, 2023 in New York City.
Mandatory Credit: Kena Betancur/VIEWpress/Getty Images
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UPS cuts 12,000 jobs
UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs.
