Transportation giant FedEx (FDX) is preparing to lay off 856 employees at one of its supply chain and electronics logistics facilities in the Dallas area on January 29, 2026, according to a state filing. The news comes from The Commercial Appeal, which reported that FedEx submitted a Worker Adjustment and Retraining Notification on November 25.
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The affected site is located at 840 W. Sandy Lake Road in Coppell, Texas, where FedEx Supply Chain has been handling operations for a major customer. However, that customer has decided to shift a large portion of its business to a different third-party logistics provider at a new location, according to the report.
As a result, FedEx Supply Chain will no longer manage logistics for that client at the Coppell facility. This transition by the customer appears to be the primary driver behind the job cuts. FedEx also told the newspaper that employees were notified ahead of time and that some may be eligible for other roles within the company, including positions at nearby FedEx facilities. The company emphasized that it is working to support workers through the change.
Is FDX Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on FDX stock based on 11 Buys, seven Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average FDX price target of $271.61 per share implies that shares are trading near fair value.
