US Postmaster General to Step Down Amid Financial Struggles
Louis DeJoy, who has led the US Postal Service (USPS) since 2020, announced Tuesday that he has asked the agency’s governing board to begin the search for his successor.
His decision comes months after he warned that USPS, which has lost more than $100 billion since 2007, must continue aggressive cost-cutting measures or face either a government bailout or the potential collapse of the organization.
USPS did not specify when DeJoy plans to step down. His announcement follows Donald Trump’s return to the White House.
DeJoy has overseen a controversial 10-year restructuring plan, introduced in 2021, aimed at reducing $160 billion in projected losses over the next decade. The agency now expects $80 billion in losses but continues to implement further cuts to stabilize its finances.
He has faced scrutiny from Congress over USPS’s consolidation of processing networks.
In December, DeJoy defended the agency’s increasing investment in electric vehicles, made possible in part by $3 billion in congressional funding, after successfully overseeing the delivery of millions of ballots in the 2024 presidential election.
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