FedEx Eliminates 856 Jobs as Logistics Layoffs Spread Across Sector

Core Points - FedEx is laying off 856 employees in northern Texas due to the closure of a facility in Coppell, with layoffs starting on January 29, 2026 [1][2] - The layoffs are a result of a customer's decision to move its business to a new location managed by a third-party logistics provider, although the customer has not been identified [2] - FedEx will provide job placement assistance, relocation aid, or severance to affected employees [3] Company Strategy - The layoffs are part of a broader network adjustment plan called Network 2.0, which aims to close 30% of FedEx's package distribution facilities within two years, ultimately saving $2 billion by the end of fiscal 2027 [4] - Earlier layoffs included 305 jobs in Fort Worth, Texas, and 131 jobs in Garland and Plano, as well as 611 employees in Shelby, Tennessee [5] Industry Context - Other companies in the apparel supply chain, such as Dillard's, are also experiencing layoffs, indicating a trend in the retail and logistics sectors [6] - Ceva Logistics, another major logistics provider, is reportedly undergoing management layoffs, suggesting a wider trend of right-sizing in the logistics industry [7]