FedEx Corporation, is a logistics services company based in the United States. The company's original name was Federal Express.
The company offers transportation, e-commerce and business services under the FedEx brand. The company, with a staff strength of 94,700, too has been hit by recession. It has announced more than 1,400 layoffs and salary cuts.
The CEO of the company Frederick W Smith has set an example by taking a pay cut of 20 per cent this year.
Also read: The highest paid CEOs in India
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