News / Services axed and senior staff cull looms as FedEx opts for deferred business

FedEx Photo 124968474 Business © Grzegorz Kieca Dreamstime.com

06/02/2023

FedEx chief Raj Subramaniam isn’t done with cuts: the latest casualty of his drive to save some $4.7bn, and shore up margins, is the same-day delivery service in US metropolitan areas, dubbed at launch “the fastest local shipping option”.

This comes on the heels of plans ...

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