The drop in claims indicated that the job market may be improving after six months of an onslaught of coronavirus-fueled layoffs plagued droves of industries. Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images As of the week ending on Aug. 29, 881,000 workers sought aid last...
CBS News aviation safety analyst Robert Sumwalt believes the timing of these incidents is coincidental. He does say, however, "If we continue to have these sorts of events, the airline industry will have an image crisis." Keep in mind, the reason all these recent incidents are making news ...
The program also faced competition from MCI Communications' electronic-mail system. ZapMail was still losing money in 1986 when FedEx abandoned the system, taking a $340 million charge against earnings. In line with the company's policy of limiting layoffs, the 1,300 employees working on the ...
(Reuters) -FedEx shares jumped as much as 15% on Wednesday after the delivery giant reassured investors with a bullish annual profit forecast and said it is weighing whether to sell or spin-off its freight trucking business that one analyst valued at $30 billion. On Tues...
The move has been considered jarring by some because FedEx traditionally has used layoffs only as a measure of last resort. How could this action affect the company’s organizational culture and employee relations‚ especially in lieu of its corporate philosophy? What steps should FedEx...