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

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.

FedEx cuts management positions worldwide

According to Reuters, the company has eliminated 12,000 positions since June.

FedEx cutting officer and director team jobs by more than 10%, CEO says

FedEx CEO Raj Subramaniam said FedEx was in the process of informing team members across the globe that their positions were eliminated.

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.

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

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."