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<blockquote data-quote="MrFedEx" data-source="post: 477547" data-attributes="member: 12508"><p>It sounds like an erroneous rumor. I have not seen or heard of a WSJ article along these lines, and it's not in the FedEx grapevine either. FedEx is still profitable, but they are making substantial cuts, with the exception of the big shots in Memphis, who still make some serious coin, but took token reductions to make the package monkeys like me feel their "pain".</p><p> </p><p>As of today, all coffee and bottled water services are to be eliminated at all locations, nobody is supposed to go over 40 hrs, uniform purchase accounts have been frozen, and on and on.</p><p> </p><p>FedEx Freight just laid-off 900 people, and Express is closing 4 undisclosed (so far) Call Centers. Supposedly, nobody is being laid-off, and the agents will work from home via an uplink. Another major announcement is on the way February 12th, which may mean layoffs, or it might just be the official confirmation that the Call Centers are closing.</p><p> </p><p>We just lost LL Bean, so I'm assuming it went to UPS and not the USPS, but I have not heard any official word on that either.</p><p> </p><p>Bad times, and getting worse, but we're not going bankrupt...yet.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 477547, member: 12508"] It sounds like an erroneous rumor. I have not seen or heard of a WSJ article along these lines, and it's not in the FedEx grapevine either. FedEx is still profitable, but they are making substantial cuts, with the exception of the big shots in Memphis, who still make some serious coin, but took token reductions to make the package monkeys like me feel their "pain". As of today, all coffee and bottled water services are to be eliminated at all locations, nobody is supposed to go over 40 hrs, uniform purchase accounts have been frozen, and on and on. FedEx Freight just laid-off 900 people, and Express is closing 4 undisclosed (so far) Call Centers. Supposedly, nobody is being laid-off, and the agents will work from home via an uplink. Another major announcement is on the way February 12th, which may mean layoffs, or it might just be the official confirmation that the Call Centers are closing. We just lost LL Bean, so I'm assuming it went to UPS and not the USPS, but I have not heard any official word on that either. Bad times, and getting worse, but we're not going bankrupt...yet. [/QUOTE]
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