FedEx to Cut Up to 2,000 Jobs in European Restructuring

The logistics giant aims to streamline operations and reduce costs amid declining global shipping demand.

FedEx will lay off between 1,700 and 2,000 employees in its back-office and commercial teams across Europe.
The job cuts are part of a broader strategy to consolidate operations and save between $125 million and $175 million annually starting in 2027.
The layoffs will cost FedEx between $250 million and $375 million through fiscal 2026 in severance and related expenses.
The company assures that the reductions will not affect its delivery services or customer experience.
Consultations with affected employees will occur on a rolling, country-specific basis, adhering to local labor laws.