Tech Insider
A person carrying strofoam and cardboard walks down the sidewalk past a FedEx delivery truck
After frantically cutting costs for the last several months, FedEx announced it's laying off about 10% of its officers and directors.

Spencer Platt/Getty Images

  • FedEx told staff it is in the process of laying off 10% of its officer and director team.
  • The company has been on a cost-cutting crusade since the end of last year to rescue profits.
  • Read CEO Raj Subramaniam's letter to staff below.

FedEx is laying off more than 10% of its directors and officers as it continues to cut costs, the company told staff Wednesday. 

Tags
Transportation, BITrasnpo, Logistics, FedEx, Layoffs
Source
FedEx is laying off more than 10% of managers in a cost-cutting crusade. Read t…