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FedEx to Cut 2,000 Europe Jobs Over 18 Months at $375 Million Cost

Jun 12, 2024, 11:15 AM

FedEx has announced plans to cut its Europe headcount by between 1,700 and 2,000 back-office jobs over an 18-month period. The layoffs are part of the company's cost-cutting efforts amid weak freight demand. The move is expected to cost up to $375 million. The announcement was made in a filing on Wednesday.