Employment News
Update: FedEx to Cut 1,000 Jobs
By Erik Even | Dated: 03-20-2009
FedEx will cut about 1,000 jobs across its companies as a result of cost-cutting measures.The cuts will take place before the end of May.
Other cost-cutting programs include reductions in spending, streamlining of information technology systems, and cutting pay actions for foreign workers.
In its Q3, FedEx reported that its net income was down a whopping 75%.
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