#fedex (2 Posts)
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FedEx to Eliminate Up to 2,000 Jobs in Europe FedEx is reducing its workforce due to a lower cargo demand in Europe. On the 12th, FedEx announced plans to cut between 1,700 and 2,000 back-office jobs in Europe as part of its recent cost-cutting efforts due to a decline in cargo demand. According to the statement, the reduction will take place over 18 months. […] -
FedEx Exceeds Quarterly Earnings Expectations Despite Revenue Drop FedEx (FDX), a global transportation company, exceeded quarterly earnings expectations. Despite a decrease in revenue, profits increased due to cost-cutting measures. FedEx’s third quarter (December to February) revenue was $21.74 billion, a decrease of 1.9% from the previous year, and operating profit was $1.24 billion, an increase of 19.3%. EPS (earnings per share) recorded $3.51, […]
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