IPA didn't let anyone go...it was the decision of a bean counting board of directors who, unlike Fred have decided to yield market share in the interest of short term gains. Many years ago St. Fred was quoted to say that if UPS only learned to treat their employees like mere human beings they would bury Fed Ex, and he was right. Lest you forget you work for a business that just happens to need you right now...it ain't no hobby, sport.

Oh my...reality is a ***** sometimes. Some of you guys are under the impression that companies are only in existence to enrich you...enjoy it while you suit their agenda.

FedEx Corp. (FDX),operator of the world’s biggest cargo airline,dropped the most in 2 1/2 years after cutting its full-year profit forecast amid declining demand in the U.S. and Asia.

Per-share earnings for the year will be $6.25 to $6.75, 10 cents lower than the previous range, the Memphis, Tennessee-based company said today in a statement. Analysts had projected $6.35, the average of estimates in a Bloomberg survey.

FedEx, an economic bellwether that delivers goods ranging from mobile devices to financial documents, saw U.S. shipments fall for the second quarter in a row as the economy grew at a lower rate than it estimated. Demand dropped for Asian technology products, especially from China, hurting the express international division.

“From talking to our customers, -- the retailers, the manufacturers and so forth --the primary driver of the reduced demand is the lower sales of electronic products,” Chief Executive Officer Fred Smith said on a conference call. “We expect sluggish economic growth will continue.”

FedEx fell $5.92, or 8.2 percent, to $66.58 at 4:15 p.m. in New York Stock Exchange composite trading, the biggest decline since March 6, 2009. Rival United Parcel Service Inc. (UPS) slipped 3.4 percent to $62.17. FedEx has declined 28 percent this year, while UPS has dropped 14 percent.