FedEx joins list of billion-dollar companies laying off workers
13 days ago
- #layoffs
- #AI
- #FedEx
- FedEx is laying off nearly 900 workers in Coppell, Texas, due to a major customer relocating operations.
- The layoffs will occur in waves, with the facility expected to close by the end of April.
- Affected employees are non-unionized and will receive wages and benefits until their final day; some may be eligible for other roles within FedEx.
- The layoffs reflect a broader trend of job cuts among major companies, including Amazon, Target, Walmart, and others, as AI reshapes the job market.
- Layoff-tracking firm Challenger, Gray & Christmas reported a 175% increase in job cuts in October compared to last year, the sharpest rise since 2003.
- Companies like HP, UPS, Target, and Starbucks have also announced significant layoffs in recent months.