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DHL, battered by five years of trying to take on the giants of the US package delivery industry on their home turf, has announced it will cease deliveries between US cities and eliminate 9,500 jobs.
DHL Express, which has lost more than US$6 billion since 2003 when it began to aggressively compete with UPS and FedEx in the United States, will have shed more than 13,000 jobs this year.
After the latest cuts, DHL Express will have about 3,000 to 4,000 remaining employees.
"Making a decision that affects the lives of many dedicated employees is never easy, but this is the best path forward for our company," John Mullen, DHL's global chief executive, said in a statement.
The company will focus on international deliveries in and out of the US.
DHL was originally founded back in 1969 by three entrepreneurs in San Francisco.
Today, its global headquarters is in Germany, after an acquisition by Deutsche Post in 2002.
