USPS to cut 10,000 jobs to reduce costs

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 financial issues. The cuts will occur through a voluntary early retirement program within the next 30 days. USPS currently employs about 640,000 workers and has previously announced plans to reduce operating costs by over $3.5 billion annually. Critics express concern that these changes may undermine the Postal Service, particularly affecting rural areas that rely on mail delivery. DeJoy has faced challenges during his tenure, including the decline of first-class mail and the impact of the COVID-19 pandemic.