FedEx, Rivian, DraftKings join US companies cutting jobs

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% 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% of its workforce, or about 840 jobs. The electric truck and SUV maker currently has a headcount of approximately 14,000.