Manager Wants Buyout
Well-Known Member
As FedEx Express begins a major overhaul, I'm left to wonder why this company fails to recognize one of it's biggest failures ever, FedEx Office. FedEx purchased this pile of garbage from a Mitt Romney style leverage buyout firm, CD&R. It was so easy to trick Uncle Fred and they were provided the "Exit of the Year" award for dumping this mess on FedEx. We were all amazed because FedEx could have opened 4000 shipping locations for half the price. Had Uncle Fred done this instead, he would not have sustained the hundred million dollar losses each year to compliment the 2.4BB he paid back then. The losers in FedEx Office that like to justify their worth to the brand to brag say that we bring in the most profitable packages in the entire FedEx network. However, these are least profitable because any dime the other operating companies get from these packages is promptly returned to Office due to the massive losses we occur every single year. Currently, revenue is nearly half what it was a decade ago when they bought us and that includes hundreds of new centers. The company has given up on revenue entirely and has hollowed out the staffing which has escalated the problem. The losses are piling up and there is no plan to truly fix what would've been a bankrupt company more than a decade ago when CD&R became the leaders in dumping garbage on a bloated, out of the game executive whose time has long past.
At some point, we have to be honest. FedEx Office is not FedEx and we aren't FedEx employees. This mess has gone on too long. Right now, the only option to get this company closer to breaking even is to fix the massive payroll crisis. In order to do that, the first step must be eliminating 1,100 employees making over 60k a year. That would repair a 90MM payroll failure per year. Now, there's more that needs to done. The leadership's strategy to marginalize the company now that they see it's a total bankrupt failure is great but they are unwilling to make the required changes to move it forward. Why isn't FedEx stepping in? Maybe Uncle Fred needs should RECOMMEND that Brian D use REVENUE BEHAVIORS to really get this company CLEAN as the Windex, Clorox Wipes have done to the centers.
The point of all this is that the failures of this fake OPCO will result in the loss of employment for the real FedEx employees. The plan for attrition won't work when sales continue to decline and the corporate printing customer doesn't exist and the retail customer is evaporating. The big upcoming news should be focused on fixing the biggest failure of this decade, FedEx Office, AKA Kinko's. We need a substantial buyout that will begin the desperately needed exodus. For the record, I'm one of the ones that does a job that should be bought out. Most of us provide no real value to the real cause (THIS IS A SHIPPING COMPANY.) When they fail to really react now, just know that every package you pick up from an Office location, costs the company more than it makes. It makes me sick that thousands of support, executive and operations management employees will be standing around surfing the internet while you are being tortured out of your real job. Best of luck to all the real FedEx employees over the next few months!
At some point, we have to be honest. FedEx Office is not FedEx and we aren't FedEx employees. This mess has gone on too long. Right now, the only option to get this company closer to breaking even is to fix the massive payroll crisis. In order to do that, the first step must be eliminating 1,100 employees making over 60k a year. That would repair a 90MM payroll failure per year. Now, there's more that needs to done. The leadership's strategy to marginalize the company now that they see it's a total bankrupt failure is great but they are unwilling to make the required changes to move it forward. Why isn't FedEx stepping in? Maybe Uncle Fred needs should RECOMMEND that Brian D use REVENUE BEHAVIORS to really get this company CLEAN as the Windex, Clorox Wipes have done to the centers.
The point of all this is that the failures of this fake OPCO will result in the loss of employment for the real FedEx employees. The plan for attrition won't work when sales continue to decline and the corporate printing customer doesn't exist and the retail customer is evaporating. The big upcoming news should be focused on fixing the biggest failure of this decade, FedEx Office, AKA Kinko's. We need a substantial buyout that will begin the desperately needed exodus. For the record, I'm one of the ones that does a job that should be bought out. Most of us provide no real value to the real cause (THIS IS A SHIPPING COMPANY.) When they fail to really react now, just know that every package you pick up from an Office location, costs the company more than it makes. It makes me sick that thousands of support, executive and operations management employees will be standing around surfing the internet while you are being tortured out of your real job. Best of luck to all the real FedEx employees over the next few months!
