UPS to slash 12,000 jobs in cost-saving move as workers ordered to be in office 5 days a week

United Parcel Service will slash 12,000 jobs and workers who survive the massive layoffs will be ordered to return to the office five days a week, the company said Tuesday. The Atlanta-based firm announced the job cuts after reporting a 31.8% drop in quarterly profit, as e-commerce demand remained subdued and costs jumped from the company’s...