FedEx is laying off 10% of its officers and directors amid cooling demand
Publishing timestamp: 2023-02-01 16:02:51
Summary
FedEx is cutting 10% of its officers and directors in an effort to reduce costs amid cooling consumer demand. Shares of FedEx were up in midday trading. UPS is also anticipating a "bumpy year" and has raised its shipping prices by 6.9%.
Sentiment: MIXED
Keywords: fedex corp, business, business news, transportation, united parcel service inc, jobs, layoffs,
Source: https://www.cnbc.com/2023/02/01/fedex-lays-off-officers-directors-amid-cooling-demand.html