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DeJoy pledges to trim payroll as USPS continues to lose more money than expected

August 9, 2023 ,
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The U.S. Postal Service lost $1.7 billion from April through June of this year, with revenue dropping by 1% compared to the same period in 2022 and operating costs spiking by 10%.

Postmaster General Louis DeJoy once again recognized the mailing agency’s finances are not in the place he had hoped for by this point in his tenure, but vowed to double down on and accelerate his proposed reforms to right the ship. Among the solutions, he said, would be significantly reducing work hours by closing some facilities and removing other inefficiencies.

Already, USPS has begun closing  annexes and contract facilities around the country that management has labeled as “inefficient.” Improved processes, DeJoy said, have led to 30 million fewer work hours so far this year compared to 2022.

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