FedEx’s transformation strategy as led by CEO Raj Subramaniam, which includes merging operations for efficiency and significant workforce cuts, demonstrates resilience amid shifting market dynamics.
Subramaniam noted that after a pandemic-induced boom in online shopping, the company faced challenges, necessitating a major overhaul to navigate a slowing global demand.
The effort to stabilize FedEx included a $4 billion savings plan that, coupled with workforce reductions, helped restore investor confidence, with shares rebounding towards pandemic highs.
Subramaniam attributes part of his success to his engineering background and decision to pivot to business, emphasizing the value of adapting to changing career paths.
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