Thread regarding FedEx Corp. layoffs

FedEx boss warns of a 'worldwide recession' and outlines plans to close stores, freeze hiring, trim hours, and park planes to cut costs

  • FedEx's CEO said he thought the world was heading into a recession.
  • The company reported disappointing earnings, blaming reduced package demand and economic conditions.
  • FedEx plans to cut costs by reducing flights, closing 90 retail stores, and trimming hours.

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