"Xerox Slashes Workforce by 15%, Eliminating 3,000 Jobs Amid Restructuring"
Xerox has announced a restructuring plan that will cut 15% of its global workforce, which could affect up to 3,450 jobs. The layoffs are part of a strategy to stabilize the core print business, increase productivity, and diversify revenue. The company will engage in consultations with employee representatives, and is committed to supporting transitioning staff. This announcement comes alongside leadership changes at Xerox, which has a historical significance in the development of the xerographic process and has been a major player in the printing industry since its inception.
