Xerox to cut 15% of its workforce
Publishing timestamp: 2024-01-03 12:54:06
Summary
Xerox plans to cut 15% of its workforce as part of a new organizational structure and operating model. The layoffs will likely affect over 3,000 employees. The company's restructuring plan involves simplifying its products, increasing efficiency, and focusing on IT and digital services. Xerox's CEO stated that the shift in operating model is designed to accelerate operating efficiencies.
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Keywords: internet, breaking news: technology, xerox holdings corp, layoffs, business news, enterprise, breaking news: business, media, technology,
Source: https://www.cnbc.com/2024/01/03/xerox-layoffs-company-to-cut-15percent-of-workforce.html