FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier's latest cost-saving measure, as economic concerns and waning e-commerce weigh on demand for package delivery. The company plans to consolidate some teams and functions in addition to the headcount reduction, part of an effort to become a "more efficient, agile organization," chief executive officer Raj Subramaniam said February 1 in a memo to employees. The changes will align the size of the network with customer demand, he said. "This process is critical to ensure we remain competitive in a rapidly changing environment, and it requires some difficult decisions," Subramaniam said in the memo. The latest cuts bring FedEx's total employee reductions to 12,000 since June, a spokeswoman said. As of May, the company had 345,000 full-time workers, according to a regulatory filing. FedEx said the job losses include "executive management," but didn't give additional details on which units would be most affected.