Latest News

Stocks in Play

Dividend Stocks

Breakout Stocks

Tech Insider

CAD Daily Briefing

US Markets

Stocks To Watch

The Week Ahead



Commodity News

Metals & Mining News

Crude Oil News

Crypto News

M & A News


OTC Company News

TSX Company News

Earnings Announcements

Dividend Announcements

FedEx Cuts Top Management Jobs By 10% As Demand Slows

Shipping and logistics giant FedEx (FDX) is cutting its top management jobs by about 10% as it strives to achieve efficiencies in a slowing macroeconomic environment.

Besides the reduction of officers and directors, FedEx said it plans to consolidate some teams and functions, according to a message to staff entitled: “Organizational Changes.”

The changes, which take effect immediately, will align the size of FedEx’s network with customer demand, the company told employees.

FedEx is scheduled to deliver its latest quarterly earnings on March 16 of this year.

The company’s stock has declined 20% over the last 12 months to $202.11 U.S. per share.