USPS to cut 10,000 jobs due to financial issues

The United States Postal Service (USPS) plans to cut about 10,000 jobs in the next month, according to Postmaster General Louis DeJoy. This follows a voluntary retirement program announced in January. Currently, USPS employs around 640,000 people and has reduced its workforce by about 30,000 since 2021. The agency is facing significant financial challenges, projecting a loss of $200 billion. DeJoy's announcement comes as he prepares to step down after nearly five years in the role. The USPS recently advertised for new part-time, full-time, and seasonal positions, despite the upcoming cuts.