Layoff wave: FedEx laying off more than 10% of its management ranks
Shortpedia
Content Team
Image Credit: yahoo
FedEx Corp is laying off more than 10 per cent of its global management staffers as the delivery company faces a shipping slowdown, according to a report by the Wall Street Journal. Raj Subramaniam, the chief executive, announced the company was streamlining several teams and responsibilities and shrinking the number of its officer and director ranks in an email to employees on Wednesday.
