FedEx has laid off a “small number” of employees as the firm’s reorganization plan and companywide cost cuts linger.

A Thursday report from local news affiliate Fox13 WHBQ in Memphis, Tenn., where FedEx is headquartered, said roughly 300 employees were impacted.

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“We made the difficult decision to reduce a small number of positions as we streamline and realign functions,” said a FedEx spokesperson. “Decisions of this nature are never made lightly and are the result of much thought and consideration for the needs of our business. We are actively working with those affected by these changes to ensure they have the support they need during this transition.”

The company has not confirmed where the layoffs took place, or what positions are being affected.

As of May 31, the logistics giant had approximately 505,000 full-time and part-time employees, down 4.5 percent from 529,000 employees as of May 31, 2023.

FedEx is currently entrenched in a companywide “Drive” reorganization designed to save the company $6 billion in total by 2027. The consolidation plan integrated the company’s FedEx Ground, FedEx Express and FedEx Services units, while keeping its less-than-truckload (LTL) division FedEx Freight as a standalone segment.

The wider consolidation has led to the company to close various facilities throughout the year, resulting in hundreds of employees across distribution and delivery being let go.

Over the summer, FedEx Express reduced headcount in Europe, impacting between 1,700 and 2,000 employees across back-office and commercial functions.

During a September earnings call, FedEx CEO and president Rajesh Subramaniam alluded to prior layoffs, saying the company had been “maximizing staff efficiency at hubs and ramps” as part of the Drive program.

Chief financial officer John Dietrich followed that up by indicating more job cuts were on the horizon: “We’re going to continue to optimize our staffing and enhance efficiencies across all our segments.”

The layoffs come as FedEx further upgrades facilities on its home turf. Just two weeks ago, FedEx cut the ribbon on a new $1.5 billion sorting facility within its World Hub at Memphis International Airport.

The new 1.3 million-square-foot facility can handle approximately 56,000 packages per hour and has the capacity to sort more than 484,000 packages daily. The four-story “Secondary 25” building has 11 miles of conveyor belts and 460 chutes for sorting, scanning and delivering packages.