Supply chain. Deliveries. UPS. Economic. Financial. Cabal intel:

#BREAKING UPS announces 12,000 job cuts, says package volume slipped last quarter

UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically, in its fourth-quarter earnings report. The company also announced 12,000 layoffs as part of an effort to align resources in 2024.

The workforce reductions will save the company about $1 billion in costs, CEO Carol Tomé said on a company earnings call.

For the last several months, companies have been scaling back its workforces.

They know something we don't.