The U.S. Postal Service is set to cut 7,500 jobs, close seven district offices and 2,000 post offices as it fails to keep up with competition from FedEx and United Parcel Service. With less mail being sent by post, the Government-controlled Postal Service is trying to reduce the $8.5billion net loss reported for 2010 – its fourth year in a row. Postmaster General Patrick Donahoe said: ‘It’s critical that we adjust our work force to match America’s changing communications trends as mail volumes continue to decline.’ Read more: Mail Online