FedEx, GXO and Pitney Bowes Cut Staff in Round of Logistics Layoffs

By Yahoo! Finance | Nov 15, 2024 at 12:49 PM EST

FedEx has laid off a small number of employees as part of its reorganization and cost-cutting efforts. The company aims to save $6 billion by 2027 through its Drive program. Despite recent layoffs and facility closures, FedEx continues to invest in upgrading its sorting facilities.

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