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UPS slashes 12,000 jobs, eyes Coyote sell-off in “bold right-sizing moves”

UPS CEO Carol Tomé

UPS has announced dramatic cost-cutting moves, with plans for up to 12,000 job losses and a possible sale of freight brokerage unit Coyote Logistics, after a “difficult and disappointing” 2023 and with a weak outlook for 2024.

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