LayoffBlog.com

March 19, 2009

More job and pay cuts at FedEx as 3Q profit sinks

FedEx Corp. said Thursday it plans to cut more jobs and trim wages again, as the company reported its fiscal third-quarter profit tumbled 75 percent on severe weakness in the global economy.

To further reduce costs, FedEx plans to cut more jobs — although it didn’t say how many. It also plans to scale back some workers’ hours and wages and trim air and truck capacity. The company said it will not shrink its delivery network in any area.

Source: AP

3 Comments »

  1. AS with everything let’s cut out the Middle man. Want to save a cool Billion dollars, Get rid of the senior managers, that are wasting space.

    Comment by anonymous — March 20, 2009 @ 7:31 am | Reply

  2. Lets cut out some of the 75K jacklegs whose job it seems is to create red tape for drivers and other ground ops employees. Also, get rid of all the engineers . Fred Smith made his real fortune when the employees found the best way to do their job.

    Comment by Cant Tellya — March 20, 2009 @ 9:03 pm | Reply

  3. Get rid of the multiple layers of management and how many directors and VPs do we need to have

    Comment by Anonymous — March 24, 2009 @ 8:57 pm | Reply


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