FedEx

FedEx founder Fred Smith dead at 80

Veteran Fred Smith, who founded FedEx in 1973 with just 389 team members and grew it into a global shipping giant with 500,000 employees, has died.

FedEx cutting over 10% of management roles

FedEX CEO Raj Subramaniam announced in a letter to team members the company was reducing over 10% of its executive roles to maintain efficiency during uncertain economic times.