Xerox plans to cut 15% of its workforce as part of a restructuring; the company had ~20,500 employees as of December 31, 2022, per an SEC filing; XRX drops 12%+
Xerox has been shrinking for years so this may not be a surprise to many. — https://www.cnbc.com/... Bluesky: Emil Protalinski / @epro.social : Here's something you don't see every day: Layoffs followed by the stock falling. [embedded post] X: Logan Dobson / @logandobson : between this and Claudine Gay, terrible week for copiers Dare Obasanjo / @carnage4life : We didn't even make it to the first week of the new year without major layoffs in tech. Xerox plans to lay off around 3,000 employees (15% of workers) as part of restructuring. Xerox has been shrinking for years so this may not be a surprise to many. https://www.cnbc.com/... @xerox : Xerox today announced a new operating model and organizational structure to further the company's Reinvention strategy. Learn more: https://www.news.xerox.com/... LinkedIn: Don Sarvis : Xerox just made a major announcement today and I have received a lot of calls and emails with questions from our dealers, agents and resellers, … Louella Fernandes : Xerox poised for Reinvention, announcing a new operating model and organisational structure. This includes targeting a 15% workforce reduction. … Forums: Hacker News : Xerox to cut 15% of its workforce Msmash / Slashdot : Xerox To Cut 15% of Workers in Strategy It Calls a ‘Reinvention’