Do we know how many people need to accept the buyout offer for us to avoid any further layoffs at FedEx?
It really would be great if the number can be matched. I know a lot of people who can't wait to get out of here.
However, I'm still worried it's going to come up short...
I read that the expectations are around 3,600 buyouts and will take effect by the end of 2019
I seriously doubt FedEx will have any layoffs much less a “large” one. They tried that about 10 yrs ago and it was a disaster. Plus it was only 1000 people and the only one in the company’s history.
It's a c-apshoot right now, the fact is nobody knows. Just chill, relax and do your work in the best possible way - everything else is outside of your control. I tell my team that nobody should be stressing out about this - things will develop outside of they area of control and we'll just follow the flow. I also understand that many have families to feed, older parents, financial responsibilities, etc. - so I totally get it if you are stressed out - try to do something about it (control stress) no matter how difficult it looks. This will all unravel soon and we'll be fine.
Same here, I’d like to know the number – it would help all of us to know details. I honestly think they will hit whatever target they have as there is a number of people that are planning to retire and we at Fedex historically have a 10%+ attrition rate, so I am thinking we’ll be able to hit at least 10%. I think the deal is too sweet to pass and that many will take it.
At the same time, there is a constant concern that if the economy turns or if for whatever reason not enough folks accept it, we’ll have large layoffs. As some other posters said, they will likely go after the admin and back office functions – so, if you are in IT, finance, marketing, HR, etc. you need to be somewhat concerned. That’s my two cents, take it with a large grain of salt.