The U.S. Postal Service wants to layoff up to 120,000 people, having racked up $8 billion dollars in losses for the year. This news is regrettable, as the economy cannot afford to shed anymore jobs. The agency is suffering from a number of issues, from rising gas prices to overpayment in the real estate market, in an effort to accommodate moves by employees.
As the Judiciary Report mentioned previously, the internet and emailing have taken away a lot of the Post Office's business (Postal Mail Revenue Declines) . The U.S. Postal Service has been a symbol of America for many years and one that means something to many people, who will not be happy at the news. If the agency had a very business oriented, shrewd corporate CEO, things could turn around to some degree. They need to get inventive, if they are to save the Postal Service.
