FedEx is permanently closing five facilities in Missouri and California, affecting 316 workers, as part of its Network 2.0 overhaul. The closures include two Missouri locations in Earth City and St. Louis affecting 143 employees, and three California sites in Palm Springs, Victorville, and San Diego affecting 173 workers. The company says the moves are related to its multiyear effort to combine Express and Ground operations and eliminate overlapping facilities and routes. FedEx expects the restructuring to generate $2 billion in savings by fiscal 2027, with about 45% of eligible package volume flowing through nearly 490 optimized stations by the end of June. TheStreet's review of state filings identified at least 762 affected workers across 16 FedEx locations or workforce actions in seven states so far in 2026.
FedEx CorporationFedEx is closing five facilities and cutting 316 jobs as part of its Network 2.0 restructuring, which is a cost-saving measure but involves operational downsizing.
