UPS to layoff 12,000 employees in a bid to save $1B

UPS announced that it will cut 12,000 jobs as part of a bid to save US$1 billion costs. BNN Bloomberg's Amber Kanwar has more. Subscribe to CTV News to watch more videos: https://www.youtube.com/ctvnews Connect with CTV News: For live updates and latest headlines visit: http://www.ctvnews.ca/ For breaking news, fast, download the CTV News App: https://www.ctvnews.ca/app Must-watch stories and full programs at http://www.ctvnews.ca/video CTV News on TikTok: https://www.tiktok.com/discover/CTV-News CTV News on X (formerly Twitter): https://twitter.com/CTVNews CTV News on Reddit: https://www.reddit.com/user/CTVNEWS CTV News on LinkedIn: https://ca.linkedin.com/company/ctv-news --- CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.