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FDX lays off 1k
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<blockquote data-quote="Catatonic" data-source="post: 512093" data-attributes="member: 7966"><p><span style="color: Sienna"><strong>Posted by Cheryl on Friday in FedEx News</strong></span></p><p><span style="color: Sienna"><strong>FedEx begins layoffs to cut operating costs - Yahoo</strong></span></p><p><span style="color: Sienna">FedEx Corp. has laid off 1,000 employees to meet job cuts the package delivery company announced were coming after third-quarter earnings dropped 75 percent.</span></p><p><span style="color: Sienna"></span></p><p><span style="color: Sienna">FedEx said Friday that<u><strong> half of the laid off </strong></u>workers were employed in Memphis, where the corporation and its largest operating unit, FedEx Express, are headquartered.</span></p><p></p><p>FedEx beta is higher than UPS so it is expected that as stock prices go up, FedEx will go up faster than UPS ... so if not Monday, it is almost inevitable.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 512093, member: 7966"] [COLOR=Sienna][B]Posted by Cheryl on Friday in FedEx News[/B] [B]FedEx begins layoffs to cut operating costs - Yahoo[/B] FedEx Corp. has laid off 1,000 employees to meet job cuts the package delivery company announced were coming after third-quarter earnings dropped 75 percent. FedEx said Friday that[U][B] half of the laid off [/B][/U]workers were employed in Memphis, where the corporation and its largest operating unit, FedEx Express, are headquartered.[/COLOR] FedEx beta is higher than UPS so it is expected that as stock prices go up, FedEx will go up faster than UPS ... so if not Monday, it is almost inevitable. [/QUOTE]
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