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"Xerox Announces 15% Workforce Reduction in Major Restructuring Effort"

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Source: CNBC
"Xerox Announces 15% Workforce Reduction in Major Restructuring Effort"
Photo: CNBC
TL;DR

Xerox has announced a 15% reduction in its workforce, which will impact approximately 3,075 employees, as part of a new organizational structure and operating model aimed at increasing efficiency and focusing on digital services. The restructuring also includes a redesigned executive team. Following the announcement, Xerox's stock price dropped by over 9%. The layoffs are set to take place within the current quarter.

Topics:businessbusiness-and-finance##business-and-finance#corporaterestructuring#layoffs#stockmarket#workforcereduction#xerox
Share this article
  1. Xerox to cut 15% of its workforce  CNBC
  2. Xerox to Cut Workforce by 15% Amid Transformation Plan, New Leadership Team  The Wall Street Journal
  3. Xerox targets cutting more than 3,000 jobs as part of reorganization, and stock extends losing streak  MarketWatch
  4. Xerox to Cut 15% of Workforce. The Stock Is Falling.  Barron's
  5. Xerox to cut 15% of workforce as part of restructuring initiative (XRX)  Seeking Alpha

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