Fedex Layoffs 2024. Full implementation of the plan is expected in june 2024. Fedex said the company will not change its financial reporting segments during the transition period.
Fedex is laying off more than 10% of its directors and officers as it continues to cut costs, the company told staff wednesday. In the first quarter, fedex unveiled a program called drive, with the objective to save $4 billion in annual costs by fiscal year 2025, which begins in june.