Santa will have a much smaller logistics network at his disposal this Christmas. United Parcel Service said Tuesday that it cut 48,000 jobs in the first nine months of the year. UPS made the disclosure and expounded on its ongoing turnaround as it reported third-quarter earnings of $1.3 billion and revenue of$21.4 billion, both of which represented declines but topped Wall Street’s expectations. SUBSCRIBE:  Receive more of our free The Daily Upside newsletter. READ ALSO: Wall Street GOAT: Nvidia Rides De ...