Dhaka, March 14 -- U.S. Postmaster General Louis DeJoy has announced plans to cut 10,000 jobs and reduce the U.S. Postal Service (USPS) budget by billions, working in collaboration with Elon Musk's Department of Government Efficiency (DOGE). The initiative, outlined in a letter to Congress on Thursday, also involves the General Services Administration in an effort to improve efficiency within the agency.

DOGE will support USPS in tackling major operational challenges at the $78 billion-a-year organization, which has faced financial struggles in recent years. The agreement aims to streamline operations, including addressing mismanagement of retirement funds, the Workers' Compensation Program, and various regulatory constraints that the le...