FedEx

About FedEx

FedEx Corporation is an American multinational courier delivery services company headquartered in Memphis, Tennessee. It offers shipping services for documents, packages, and freight through air, ground, sea, and courier delivery services. The company also offers a range of other services, such as supply chain management and electronic commerce solutions. FedEx is the second largest provider of express delivery services in the world, behind UPS.

CEO: Frederick W. Smith

Year Established: 1971

Last Year's Revenue (in billions): $90.16

Stock Symbol: FDX

Headquarters Location: Memphis, TN

*As of 2023-11-20

Recent Layoff Information

Total Employees	Employees Laid Off (Estimated Yearly Total^[1])	Date of Last Layoff
529,000	843	September 2023

Total Employees	529,000
Employees Laid Off (Estimated Yearly Total^[1])	843
Date of Last Layoff	September 2023

Layoffs This Year

Layoffs Past 5 Years

Compared to All Companies

Note: Amazon and Walmart data ommited due to size.

Compared to All Companies as a Percentage (layoffs/employees)

Note: Amazon and Walmart data ommited due to size.

Compared to Sector

Compared to Sector As a Percentage (layoffs/employees)

Are More Layoffs Expected?

The possibility of future layoffs at FedEx is uncertain, as it depends on various factors such as the company's financial performance, economic conditions, and strategic decisions. While FedEx has not made any official announcements regarding future layoffs, there are some indications that the company may continue to reduce its workforce in the coming year.

Reason for Layoffs

These layoffs were part of a broader company reorganization and cost-cutting initiative.

Articles

The Great Pause: Inside the Fortune 500 Hiring Slowdown

December 29, 2023

When Snowflakes Turn to Severance Papers: The Most Grinchy Layoffs in Festive History

December 25, 2023

The Robot in the Room: AI and the Looming Shadow over 2024 Jobs

December 21, 2023

Our Top 10 Layoffs by Percentage in 2023

December 20, 2023

Unveiling the Stealthy World of Soft Layoffs

December 20, 2023

New Graduates Guide to Navigating the 2024 Workforce

December 18, 2023

Amidst Layoff Fog, Beacons of Hope: States with Sunshine in the 2024 Job Market

December 17, 2023

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[1]Layoff totals are the totals over the past year and not most recent round of layoffs. Totals will not be exact as it is not possible to track at that level of detail in real time. All information is gathered from SEC filings, WARN notices, news articles, social media posts, and users who post on our site. Layoffinsider uses various ai tools to help gather the data which is then reviewed by humans and cross checked for validity. If you suspect there is incorrect data then please reach out to us for prompt investigation. We want to be the number one trusted source for tracking layoffs.

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