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FedEx (FDX) to cut 10% of top management jobs

February 1, 2023 1:09 PM EST

(Updated - February 2, 2023 10:53 AM EST)

FedEx (NYSE: FDX) announced Wednesday that it is cutting over 10% of its officer and director-level jobs due to the "rapidly changing environment."

The logistics firm revealed it is eliminating positions and consolidating some of the teams... More