USPS to cut 10,000 jobs and billion-dollar budget

Postmaster General Louis DeJoy plans to cut 10,000 jobs and billions from the U.S. Postal Service budget. This will be done in collaboration with Elon Musk's Department of Government Efficiency to address ongoing issues within the agency. The cuts will occur through a voluntary early retirement program over the next 30 days. USPS currently employs about 640,000 workers and has previously cut thousands of jobs in recent years. Critics, including Democratic Rep. Gerald Connolly, express concern that these changes may lead to privatization and negatively impact service, especially in rural areas. The Postal Service has struggled financially amid declining first-class mail volumes.