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<blockquote data-quote="Ricochet1a" data-source="post: 1025176" data-attributes="member: 22880"><p>The 3000 number is coming out of Memphis, and it applies primarily to Express, but Office is included in that. FedEx made a public announcement a few weeks ago (look it up, I believe the CA has a story on it), primarily focused to institutional investors to convince them that FedEx is taking steps to improve its profit margin. In that announcement, a vague number was given, but most believe the hard number is between 2500 (lowball) and 3000 (closer to what will actually happen). </p><p></p><p>The announcement was done for two reasons. First, to help dispel some of the rumors swirling around Memphis. The "buyout" was a secret that everyone knew about (since you are there, you had to hear the rumors going back to early summer), but the company wouldn't admit to. The announcement helped calm people and put an end to some of the rumor (and let people get back to work rather than worrying about their jobs so much). Secondly, it was aimed at institutional investors. it "proved" that FedEx was serious about making reductions in an attempt to restore profit margin.</p><p></p><p>However... announcements regarding layoffs are a double edged sword for large corporations. Announcing some layoffs always causes investors to look more favorably at a company - announcing a large number of layoffs indicates there are deep troubles in the company, and this usually causes the stock to take a hit. The announcement amounted to between 10 and 12 percent of the primarily Memphis based salaried staffs of Express along with Office. This is a low enough number (now) to assure investors that needed steps were taken, while demonstrating that a meat cleaver is NOT being taken to the organization. </p><p></p><p>At this stage, there is no "rumor" about further reductions to be made in Express in the short term, but given the strategic outlook of FedEx Corporation, I seriously doubt that these "buyouts" will be the last. Your employer has a habit of taking things slow as to not create undue alarm amongst its employees or investors. Just read some of the threads here. The anecdotal reports of transformation occuring are undeniable. </p><p></p><p>I've written extensively in the past couple of years about the tactics and methods that Express will use at the operational level in order to acheive its goals - those things are starting to happen right now, even the Pollyannas are starting to see the things that I indicated would occur, are indeed occurring. Some may try to engage in rationalization, subtle denial, or even try to do some internal "bargaining" (all stages of grief). In the end, they will have to face reailty and accept that what is happening isn't accidental, unintentional or coincidental. </p><p></p><p>You may think that some of the stuff you read here is "way out there". Take a look 2-3 years ago at what was accepted as norm, then take a look today. What I wrote about a year or two ago, is indeed starting to unfold NOW (it is all in the record, look it up). Federal Express of the last century is long gone, the FedEx Express of the first decade of this century is being transformed into a different beast, which will look very familiar to its customers, but to its employees will be as different from the FedEx Express of the first decade of this century, as that company was different from Federal Express of the 1980's and early 90's. Somewhere in that transformation, the career Courier is going to get shoved under the bus - and it isn't accidental or unforeseen.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1025176, member: 22880"] The 3000 number is coming out of Memphis, and it applies primarily to Express, but Office is included in that. FedEx made a public announcement a few weeks ago (look it up, I believe the CA has a story on it), primarily focused to institutional investors to convince them that FedEx is taking steps to improve its profit margin. In that announcement, a vague number was given, but most believe the hard number is between 2500 (lowball) and 3000 (closer to what will actually happen). The announcement was done for two reasons. First, to help dispel some of the rumors swirling around Memphis. The "buyout" was a secret that everyone knew about (since you are there, you had to hear the rumors going back to early summer), but the company wouldn't admit to. The announcement helped calm people and put an end to some of the rumor (and let people get back to work rather than worrying about their jobs so much). Secondly, it was aimed at institutional investors. it "proved" that FedEx was serious about making reductions in an attempt to restore profit margin. However... announcements regarding layoffs are a double edged sword for large corporations. Announcing some layoffs always causes investors to look more favorably at a company - announcing a large number of layoffs indicates there are deep troubles in the company, and this usually causes the stock to take a hit. The announcement amounted to between 10 and 12 percent of the primarily Memphis based salaried staffs of Express along with Office. This is a low enough number (now) to assure investors that needed steps were taken, while demonstrating that a meat cleaver is NOT being taken to the organization. At this stage, there is no "rumor" about further reductions to be made in Express in the short term, but given the strategic outlook of FedEx Corporation, I seriously doubt that these "buyouts" will be the last. Your employer has a habit of taking things slow as to not create undue alarm amongst its employees or investors. Just read some of the threads here. The anecdotal reports of transformation occuring are undeniable. I've written extensively in the past couple of years about the tactics and methods that Express will use at the operational level in order to acheive its goals - those things are starting to happen right now, even the Pollyannas are starting to see the things that I indicated would occur, are indeed occurring. Some may try to engage in rationalization, subtle denial, or even try to do some internal "bargaining" (all stages of grief). In the end, they will have to face reailty and accept that what is happening isn't accidental, unintentional or coincidental. You may think that some of the stuff you read here is "way out there". Take a look 2-3 years ago at what was accepted as norm, then take a look today. What I wrote about a year or two ago, is indeed starting to unfold NOW (it is all in the record, look it up). Federal Express of the last century is long gone, the FedEx Express of the first decade of this century is being transformed into a different beast, which will look very familiar to its customers, but to its employees will be as different from the FedEx Express of the first decade of this century, as that company was different from Federal Express of the 1980's and early 90's. Somewhere in that transformation, the career Courier is going to get shoved under the bus - and it isn't accidental or unforeseen. [/QUOTE]
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