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WEKU
WEKU
Business
The Associated Press

UPS is cutting 12,000 jobs just months after reaching union deal

A UPS e truck is parked on a street in New York on May 11, 2023. On Tuesday, the company said it will cut 12,000 jobs. (Richard Drew/AP)

UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply at the opening bell.

The company also hinted that its Coyote truck load brokerage business may be put up for sale.

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