United Parcel Service Inc (NYSE: UPS) says it will lower its headcount by more than 2.0%. Shares of the shipping company are trading sharply in the red at writing. How many employees will be laid off? Copy link to section The company based out of Atlanta, Georgia will lay off about 12,000 of its employees in total. Carol Tome – the chief executive of United Parcel Service expects the move to deliver some $1.0 billion in savings. The news arrives months after UPS reached a deal with Teamsters – a labour unio ...