USPS plans to cut 10,000 jobs due to losses

US Postal Service (USPS) Postmaster General Louis DeJoy announced plans to cut 10,000 jobs in response to ongoing financial losses. This follows a deal with Elon Musk's team to address the agency's budget issues. DeJoy described the USPS as having a "broken business model" and highlighted the need for significant changes. The agency has faced nearly $100 billion in losses and is projected to lose another $200 billion. The job cuts will occur through a voluntary early retirement program over the next month. DeJoy emphasized that the USPS is working towards improvement and innovation despite the challenges it faces.