UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically, in its fourth-quarter earnings report. The company also announced 12,000 layoffs as part of an effort to align resources in 2024.

Shares of the package giant dipped nearly 6% in premarket trading.

Here’s how the company performed compared to Wall Street estimates:

Adjusted earnings: $2.47 vs. $2.46 per share expected, according to LSEG, formerly known as Refinitiv

Google cut several hundred jobs across the company late Wednesday night as it continues to push for efficiency and focus on its “biggest product priorities,” a spokesperson confirmed to CNBC.

The layoffs will impact employees within Google’s hardware and central engineering teams, as well as workers across Google Assistant, its voice-activated software product. Other parts of the company were also affected, according to Google.

Shares of Alphabet, which owns Google, closed down less than 1% on Thursday.

General Motors plans to lay off about 1,300 workers in Michigan starting early next year due to vehicles they produce ending production, the company disclosed in state documents.

The largest of the layoffs were expected. They include 945 workers at Orion Assembly who build Chevrolet Bolt models, which are ending production after this year.

The final production date is scheduled for the week of Dec. 18. However, layoffs will not occur until Jan. 1.