USPS to cut 10,000 jobs and billions in budget

The U.S. Postal Service plans to cut 10,000 jobs and billions from its budget, according to a letter from Postmaster General Louis DeJoy. This effort will involve collaboration with Elon Musk's Department of Government Efficiency. The cuts will occur through a voluntary early retirement program within the next 30 days. USPS aims to address financial challenges, including mismanagement and regulatory issues, while previously announcing a goal to reduce operating costs by over $3.5 billion annually. Critics, including Democratic Rep. Gerald Connolly, express concerns that these changes could undermine the Postal Service and affect rural communities. The agency has faced similar job cuts in the past, including 30,000 positions in 2021.