The postal services and e-commerce-major FedEx announced on Wednesday that it would slash its officer and director ranks by more than 10 per cent. The move is part of a broad cost-reduction effort that has reduced staffing at FedEx by 12,000 workers since June, a spokeswoman said.

FedEx continues staff reduction by firing senior employees, has slashed 12,000 jobs

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FedEx continues staff reduction by firing senior employees, has slashed 12,000 jobs