FedEx’s profit outlook falls short even as job cuts reach 29,000
Staff and Bloomberg report
FedEx Corp. said it cut 29,000 U.S. jobs over the past year and issued a 2024 profit outlook that missed Wall Street’s expectations. The delivery carrier continues to trim costs in the face of waning package delivery demand. The company is slashing expenses as the industry copes with a decline in package volume following two years […]