FedEx Plans $1 Billion in Cuts as Demand Falls
Retail TouchPoints
DECEMBER 21, 2022
FedEx is planning to cut an additional $1 billion in costs, citing weak demand that led to a disappointing profit for Q2 2023, which ended Nov. The reductions will add to cost-cutting measures announced in September to bring FedEx’s total fiscal savings plan for 2023 to $3.7 FedEx had expected revenue of $23.7
Let's personalize your content