Xerox has confirmed that it will lay off about 15% of its workforce — a substantial figure even by the standards of the 2022-2023 layoff season — which amounts to the loss of about 3,000 jobs, if the December 2023 workforce is anything to go by. Through.
The Connecticut-based company announced a revised business model and organizational structure on Jan. 3 as part of what it calls its “reinvention.”
In addition to laying off employees, Xerox has also announced changes to the way the company will be structured, signaling simplifications and efficiencies that will likely be a response to the continued tough economic landscape.
Xerox lays off 3,000, 15%
As part of its overhaul of its core business, Xerox plans to simplify its products to better meet customer needs, among other cost-efficiency measures.
Simplifications are also being implemented in the newly established Global Business Services, and the company's IT and Digital Services activities are also being overhauled.
Xerox CEO Steven Bandrowczak said: “The shift to a business unit operating model is a continuation of our customer-centric, balanced execution priorities and is designed to accelerate operational efficiencies across products and services, go-to-market and business functions across all industries. geographic areas we serve.”
Changes have also been made to the company's C-suite and executive team, including the departure of two EVPs.
The announcement confirmed that, subject to formal consultation, the 15% workforce reduction will take place in the coming quarter. Xerox said it is “committed to providing transition support to affected employees.”
Ny Breaking has asked Xerox to confirm our estimate of 3,000 jobs, which we derived from the company's December 2023 figures, and for more information about the support its workforce can expect going forward. Any comments will be posted here.