Location: Memphis, Tennessee, USA.
Based on news reporting.
FedEx Corporation has announced layoffs affecting approximately 1,000 employees as part of its efforts to address ongoing business challenges. The layoffs are set to take place in Memphis, Tennessee, where the company is restructuring its operations to improve efficiency and reduce costs. This decision comes amid a broader trend of workforce reductions in the logistics industry, as companies grapple with changing market conditions and declining demand. FedEx's management indicated that these layoffs are necessary to ensure the company's long-term viability and competitiveness in the market.
FedEx Corporation cut 1,000 jobs as of October 1, 2023.
That is roughly 0.3% of the 306,000 people FedEx Corporation employs.
LayoffTalk has tracked 63 layoff events at FedEx Corporation since October 2023, affecting a combined 18,788 employees.
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