FedEx lays off 1,000 employees to cut costs (Daily News Journal)

MEMPHIS, Tenn. (AP) — FedEx Corp. laid off 1,000 employees Friday to meet job cuts the package delivery company announced were coming after third-quarter earnings dropped 75 percent. FedEx said half of the dismissed workers — all of whom were salaried or management employees — were employed in Memphis, where the corporation and its largest operating unit, FedEx Express, are headquartered. Before …

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