Topline UPS plans to reduce its workforce by some 12,000 employees, the shipping giant announced on its fourth quarter earnings call Tuesday after it fell short of expectations at the end of last year. Reducing the workforce will save the shipping giant about $1 billion. AP/LM Otero Key Facts The reduction in employees will save the company about$1 billion, CEO Carol Tomé said on the Tuesday company earnings call, according to multiple reports. This is a breaking story and will be updated. Further Reading ...