FedEx, Rivian Automotive, and DraftKings have joined a growing list of U.S. corporations announcing job cuts.
FedEx sent an announcement to employees Wednesday informing them that the package delivery company is reducing the size of its officer and director team by more than 10 percent and consolidating some teams and functions.
“Unfortunately, this was a necessary action to become a more efficient, agile organization,” CEO Raj Subramaniam said in a prepared statement.
Rivian said that it is cutting 6 percent of its workforce, or about 840 jobs. The electric truck and SUV maker currently has a headcount of approximately 14,000.
A FedEx worker places a package on a trolley after a cold front packing subfreezing temperatures and light snow swept over the intermountain in Denver on Nov. 17, 2022. (David Zalubowski/AP Photo)
Rivian CEO RJ Scaringe said in an email that teams across the company would be impacted, but that the reductions would not affect manufacturing jobs. The company recently added a second shift at its plant in Normal, Illinois….