FedEx is laying off more than 10% of managers in a cost-cutting crusade. Read the full memo from the CEO.

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

Subscribe to BITrasnpo