The cuts are primarily targeted at management staff worldwide as well as contract workers, UPS executives said Tuesday, ...

UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. The company also hinted that its Coyote truckload brokerage business may be put up for sale.

The closure has UPS’ union workers fearing machines will take hundreds of their jobs. “Our employees are extremely important to us, and we expect most of them will move to a temporary facility ...