Q3 Earnings.
- Thread starter bacha29
- Start date
MassWineGuy
Well-Known Member
And a ton of layoffs today across all corporate divisions.
Short covering and the additional money committed to buybacks are almost certain to have had an impact. That along with the news of significant additional cost cutting will likely make working for a company that is already hard to work for even more difficult. So for those who have been caught up in the headcount reductions they in the end might be better off than those who remain.
yadig
Well-Known Member
I hope dano isn’t part of that corporate cut. He/she hasn’t been on here in a while.
FedupExpress
Well-Known Member
At some point the ball drops for every fedexer, everyone feels robbed once they understand what fedex has done with their life
FedEx announces layoffs, says only 'small percentage' of staff reduced
FedEx confirmed that they have made a decision to "reduce a small percentage of positions" as the company streamline and realign functions.
FedupExpress
Well-Known Member
You know if fedex says a "small percentage" in actuality they mean a large percentage. Once you work for fedex you know they lie about everything... I heard a bunch of people at my old station are now looking for new jobs.FedEx announces layoffs, says only 'small percentage' of staff reduced
FedEx confirmed that they have made a decision to "reduce a small percentage of positions" as the company streamline and realign functions.www.fox13memphis.com
I can't see fedex recovering, all downhill from here until they close up shop.
Big Brown isn't any better...
FedupExpress
Well-Known Member
May be so but you got the teamsters and a bit more coin per box... It's really downfall of the nation but that's neither here nor there.
We are making some nice coin right now
zeev
Well-Known Member
Lies is all FedEx is they are radically downsizing the company, buying stock back pumps the stock higher but takes money out of the company that is used for expansion and compensation.
They seem perfectly happy to sacrifice market share and reduce operations down to about the level of Purolator and Laser Ship.
It's always one of two things that's going to happen. Either you're going to get better at what you do or you're going to go backwards And given that this is a business that many agree is as big as it's going to get and likely to shrink a little bit and several analysists have "hold" ratings on the stock citing structural concerns I can't help but think that Raj and Fat Freddy themselves have no idea as to what they're company is going to look like three years now,
Last fall there was this kid in a contracted DHL panel van who stopped at the neighbors house. I asked him where he was from. He had come from a station in the adjoining state 4 hours away. That's 4 hours one way. Haven't seen him around here since. Is it any wonder why? Goes to show you why Bezos dumped his junk onto the USPS....the carrier of the last resort out in the rural areas.
MAKAVELI
Well-Known Member
He got the zoom boot.
Ask his mom to check her basement .
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