Published 1 year ago

FedEx to Cut More Than 10% of Officer, Director Jobs

Summary by Ground News

FedEx Corp. is cutting its global management jobs by more than 10% to become a “more efficient, agile organization,” Chief Executive Officer Raj Subramaniam said in a memo to employees.

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CNBC

FedEx is laying off 10% of its officers and directors amid cooling demand

The corporate job cuts come as the shipping giant tries to reduce costs amid cooling consumer demand.

1 year ago·United States

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Bloomberg

FedEx to Cut Global Management Jobs by More Than 10%, CEO Says

FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving step as economic concerns and waning e-commerce weigh on demand for package delivery.

1 year ago·United States

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MarketWatch

FedEx to cut executive team by more than 10%

FedEx Corp. says it will cut its executive team by over 10% as it aims to become a "more efficient, agile organization."

1 year ago·United States

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Wall Street Journal

FedEx to Cut More Than 10% of Officer, Director Jobs

Job cuts come after rival UPS said its annual revenue could fall for first time in years

1 year ago·New York, United States

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Seeking Alpha

FedEx rises after announcing more than 10% cut in management jobs

FedEx Corporation (FDX) CEO Raj Subramaniam announced a planned reduction in manager-level staffing in an internal memo sent to employees on Wednesday.

1 year ago·United States

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The Daily Memphian

FedEx to lay off 10% of officer and director teams

Following two back-to-back quarters that saw FedEx report earnings well below company expectations, the shipping giant has been enacting sweeping cost-cutting initiatives.

1 year ago

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