FedEx to lay off 10% of officer and director teams
FedEx Corp. will lay off 10% of its officer and director teams, the Memphis-based company announced. (Mark Humphrey/AP Photo)
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.
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FedEx Raj Subramaniam Mike LenzRob Moore
Rob Moore covers North Mississippi for The Daily Memphian. He holds a B.A. and an M.A. in English from The University of Memphis.
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