Memphis-based shipping logistics giant FedEx Corp. has confirmed plans to fire 481 employees at five U.S. facilities.
The layoffs will involve planned closures of facilities in Greensboro, North Carolina and Omaha, Nebraska, which will affect 164 and 102 workers, respectively. Additional staff reductions will take place in three locations that continue to work. 81 layoffs at the Garland, Texas facility. 50 on the Plano, Texas site. 84, Des Moines, Iowa. These cuts begin in September.
“These decisions will never be underestimated,” a FedEx spokesperson said. “All affected team members will be notified several months in advance, and many will be offered roles elsewhere in the company. We are committed to supporting our employees through occupational deployment services, relocation assistance and retirement packages.”
These jobs are part of FedEx’s broader network 2.0 initiative designed to enhance efficiency and collaboration across FedEx Express, FedEx Ground, and FedEx Freight. The company plans to cut 100 station locations and cut pickup and delivery routes by 10% by fiscal year 2027. FedEx predicts the program will save $2 billion a year over the next two years.
In addition to Network 2.0, FedEx also implements the Drive initiative. This has already generated $4 billion in savings over the last two fiscal years. The company expects both programs to deliver permanent cost savings of $1 billion in fiscal 2026.
Despite recent layoffs and restructuring efforts, FedEx continues to be one of Memphis’ most iconic and economically important companies. Founded in 1971 by Frederick W. Smith, the company revolutionized overnight transportation and established Memphis as a global logistics hub. The city’s central location and FedEx’s pioneering hub and spoke model have transformed Memphis International Airport into one of the busiest freight airports in the world.
Over the years, FedEx has grown to one of the world’s largest transportation and logistics companies, operating in over 220 countries and territories. It plays an important role in Memphis’ economic development, employing tens of thousands of people in the region and contributes significantly to the local economy through employment, infrastructure and philanthropy.
While the company continues to evolve to meet the demands of a highly competitive global market, its roots and economic impact in Memphis continue to be strong.
