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FedEx Layoffs in Europe Take Right-Sizing Efforts to Next Stage

FedEx Layoffs in Europe Take Right-Sizing Efforts to Next Stage

FedEx's latest round of layoffs moves initiatives under Network 2.0 to the next stages, says Jonathan Chappell, senior managing director at Evercore ISI. FedEx is reducing its headcount in Europe by as many as 2,000 people as it continues its cost-cutting efforts. First unveiled in 2022, Network 2.0 is a multi-year effort aimed at improving how FedEx picks up, transports and delivers packages.