FedEx is the latest freight firm to announce layoffs. This week, the logistics giant revealed that more than 600 FedEx Supply Chain employees in Memphis would be fired as part of a business transition. According to Commercial Appeal, the company is moving “a significant portion” of its business to a new third-party provider.
In 2022, the company announced “Network 2.0,” a multi-year initiative to streamline operations. It laid off over 480 employees and revealed that facilities in Greensboro, North Carolina, and Omaha, Nebraska, would be closing. Reportedly, these latest layoffs are unrelated to “Network 2.0.”
Against a backdrop of tariffs and an ongoing labor shortage, the logistics sector is struggling. In recent weeks, several firms have laid off employees in a bid to improve their fortunes. Many are turning to technology as a long-term solution to their woes, with self-driving trucks and drones touted as potential remedies in the near-future.
