Breaking News: Xerox to layoff 15% of its workforce
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- January 04, 2024
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On January 3, Xerox revealed its intention to reduce its workforce by 15% as part of a strategic initiative to introduce a new organizational structure and operating model, according to a report by CNBC. As of December 31, 2022, Xerox, specializing in digital printing and document management technologies, had approximately 20,500 employees, as disclosed in a filing with the U.S.
Securities and Exchange Commission. With this figure as a reference, the workforce reduction announced on Wednesday is expected to impact around 3,075 employees. Livemint tops charts as the fastest growing news website in the world to know more. Unlock a world of Benefits! From insightful newsletters to real time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away!.
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