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

© Grzegorz Kieca

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 to trim the senior management staff count by at least 10%.

FedEx’s SameDay City service, across some 1,800 cities, will stop on 31 March and “all positions that support it are going to be eliminated”, the ...