Xerox to Cut Workforce 15% and Overhaul Operating Model
Updated Jan. 3, 2024 1:36 pm ET
Xerox Holdings said it would reduce its workforce by 15% and shake up its leadership team as it reorganizes its operating model.
The printer maker said Wednesday that it had formed a global business-services unit as part of the company’s restructuring as it aims to stabilize its core print business. Xerox also plans to increase its focus on its emerging information-technology and digital-services unit.
Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Updated Jan. 3, 2024 1:36 pm ET
Xerox Holdings said it would reduce its workforce by 15% and shake up its leadership team as it reorganizes its operating model.
The printer maker said Wednesday that it had formed a global business-services unit as part of the company’s restructuring as it aims to stabilize its core print business. Xerox also plans to increase its focus on its emerging information-technology and digital-services unit.
Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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