Stratrix
On the Record · FedEx

FedEx layoffs, on the record

Every job cut, severance charge and restructuring FedEx reported in its annual reports, 2023 to 2026, quoted from the filings.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2023approximately 328,000 permanent full-time and approximately 201,000 permanent part-time employeesAs of May 31, 2023
10-K for 2024approximately 306,000 permanent full-time and approximately 199,000 permanent part-time employeesMay 31, 2024
10-K for 2025approximately 300,000 permanent full-time and approximately 210,000 permanent part-time employeesAs of May 31, 2025
10-K for 2026approximately 300,000 permanent full-time and approximately 230,000 permanent part-time employeesAs of May 31, 2026

Job cuts, severance and restructuring

  1. Our summaryFedEx Express ran a workforce reduction plan in Europe tied to integrating TNT Express, affecting about 5,000 employees, and finished it in fiscal 2023. Affected: approximately 5,000 employees in Europe

    Word for word“The plan affected approximately 5,000 employees in Europe across operational teams and back-office functions and was completed during 2023.” 10-K for 2023

  2. Our summaryThe company recorded severance-related business realignment costs in 2023 and 2022. 2023 · Cost: $36 million ($27 million, net of tax, or $0.11 per diluted share) in 2023 and $278 million ($214 million, net of tax, or $0.80 per diluted share) in 2022

    Word for word“We incurred costs of $36 million ($27 million, net of tax, or $0.11 per diluted share) in 2023 and $278 million ($214 million, net of tax, or $0.80 per diluted share) in 2022 associated with our business realignment activities.” 10-K for 2023

  3. Our summaryThe company paid out about $118 million in 2023 and $225 million in 2022 under its severance program. 2023 · Cost: approximately $118 million in 2023 and approximately $225 million in 2022

    Word for word“Payments under this program totaled approximately $118 million in 2023 and approximately $225 million in 2022.” 10-K for 2023

  4. Our summaryFedEx recorded business optimization costs in 2023, mainly consulting, severance, professional fees and idling its Russia operations. in 2023 · Cost: $273 million ($209 million, net of tax, or $0.81 per diluted share)

    Word for word“We incurred costs associated with our business optimization activities of $273 million ($209 million, net of tax, or $0.81 per diluted share) in 2023.” 10-K for 2023

  5. Our summaryFedEx Freight plans to close and consolidate about 30 locations and used several rounds of furloughs in fiscal 2023 to match staffing to volume. in the first quarter of 2024 · Affected: approximately 30 locations

    Word for word“The company plans to close and consolidate approximately 30 locations in the first quarter of 2024, and conducted several rounds of furloughs to match staffing with volume levels in 2023.” 10-K for 2023

  6. Our summaryFedEx Express announced a workforce reduction plan in Europe to reduce structural costs, affecting back-office and commercial roles. Affected: between 1,700 and 2,000 employees in Europe

    Word for word“The plan will impact between 1,700 and 2,000 employees in Europe across back-office and commercial functions.” 10-K for 2024

  7. Our summaryFedEx expects the European workforce reduction plan to cost between $250 million and $375 million in cash for severance and legal and professional fees. Cost: $250 million to $375 million

    Word for word“We expect the pre-tax cost of the severance benefits and legal and professional fees to be provided under and related to the plan to range from $250 million to $375 million in cash expenditures.” 10-K for 2024

  8. Our summaryFedEx recorded business optimization costs in fiscal 2024, mainly for professional services and severance. 2024 · Cost: $582 million

    Word for word“We incurred costs associated with our business optimization activities of $582 million ($444 million, net of tax, or $1.77 per diluted share) in 2024.” 10-K for 2024

  9. Our summaryFederal Express announced a workforce reduction plan in Europe to reduce structural costs, affecting back-office and commercial roles. Affected: approximately 1,400 employees in Europe across back-office and commercial functions

    Word for word“The plan will impact approximately 1,400 employees in Europe across back-office and commercial functions.” 10-K for 2025

  10. Our summaryThe company expects severance and related legal and professional fees for the European workforce reduction to cost a set cash amount through fiscal 2026. through fiscal 2026 · Cost: $ 250 million to $ 275 million

    Word for word“We expect the pre-tax cost of the severance benefits and legal and professional fees to be provided under and related to our workforce reduction plan in Europe to range from $ 250 million to $ 275 million in cash expenditures through fiscal 2026.” 10-K for 2025

  11. Our summaryThe company reported business optimization costs for fiscal 2025, including costs of the European workforce reduction plan. in 2025 · Cost: $ 756 million

    Word for word“We incurred business optimization costs of $ 756 million ($ 577 million, net of tax, or $ 2.37 per diluted share) in 2025, including $ 235 million of costs related to the workforce reduction plan in Europe.” 10-K for 2025

  12. Our summaryFedEx began operational transformation programs in some international locations that may cut about 5,000 operational employees and change work locations and schedules for up to 800 more. Affected: approximately 5,000 operational employees, as well as changing working locations and schedules for up to 800 operational employees

    Word for word“These transformation programs may reduce approximately 5,000 operational employees, as well as changing working locations and schedules for up to 800 operational employees and is expected to occur over approximately 18 months, subject to required consultation processes in accordance with local regulations.” 10-K for 2026

  13. Our summaryFedEx expects combined severance, legal and professional fees, and facility exit costs for the international transformation programs, and reports the amount already incurred in fiscal 2026. Cost: $225 million to $325 million, substantially all of which are cash expenditures, of which $147 million was incurred in fiscal year 2026

    Word for word“We expect the combined pre‑tax costs of severance benefits, legal and professional fees, and facilities‑related exit costs to range from $225 million to $325 million, substantially all of which are cash expenditures, of which $147 million was incurred in fiscal year 2026.” 10-K for 2026

  14. Our summaryFedEx recorded business optimization and realignment costs in fiscal 2026, mainly for severance, professional services, and incentive payments to contracted service providers supporting Network 2.0. in 2026 · Cost: $366 million ($285 million, net of tax, or $1.19 per diluted share)

    Word for word“We incurred business optimization and realignment costs of $366 million ($285 million, net of tax, or $1.19 per diluted share) in 2026.” 10-K for 2026
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedRestructuring costs incurred
2025-05-31$235 million
2026-05-31$13 million

FedEx filed 4 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from FedEx’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-07-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.