Ups Layoffs 2024 Reddit. 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 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.

Headcount reductions in 2024 will be concentrated within management roles and contracted positions, with 75% of the cuts coming in the first half of 2024, executives said. The only reason for driver layoffs is to try to break that 2022 record in 2024.