Industry News

FedEx announces 116 layoffs in Southern California as part of its network consolidation, affecting workers in Palm Springs and Victorville. The company is merging ground and express operations, with more closures planned through 2027.

The cuts are part of an overhaul aiming for $2 billion in annual savings to battle rival Amazon.

42 truck drivers will soon lose their jobs as FedEx works to restructure their delivery network across the country.  62 employees at the Palm…

FedEx will cut 173 jobs at Southern California facilities as Network 2.0 consolidates operations and closes delivery stations.

Hundreds of people across the southland are headed to the unemployment office as FedEx, Staples and LAZ Parking cut jobs.

More than 500 people have lost jobs at FedEx, Staples and LAZ Parking; two facilities in Palm Springs and Victorville will close.

Nike Inc. (NKE) and FedEx Corp. (FDX) stocks are in focus as billions of dollars in tariff refunds reshape corporate balance sheets following the Supreme Court’s ruling against a key Trump tariff policy. While Nike stands to retain nearly $1 billion in earnings, FedEx plans to return its roughly $8…