Subj : Xerox is cutting thousands of workers in "reinvention"
To   : All
From : TechnologyDaily
Date : Thu Jan 04 2024 11:45:05

Xerox is cutting thousands of workers in "reinvention"

Date:
Thu, 04 Jan 2024 11:41:17 +0000

Description:
Around 15% of Xeroxs workers are being warned they will lose their jobs as 
the company chases efficiency.

FULL STORY
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Xerox has confirmed that it will be laying off around 15% of its workforce a 
substantial figure even by the standards of the 2022-2023 layoffs season  
equating to the loss of around 3,000 jobs, if its latest December 2023 
headcount is anything to go by. 

The Connecticut-based company announced on January 3 a revised operating 
model and organizational structure as part of what its calling its 
reinvention. 

In addition to laying off workers, Xerox also announced changes to the way 
its business will be structured, hinting at simplifications and efficiency 
that are likely a response to the continually tough economic landscape. Xerox 
lays off 3,000, 15% 

As part of revising its core business, Xerox plans to simplify its products 
to better align with customer needs, among other cost-efficiency measures. 

Simplifications are also being rolled out across its newly established Global 
Business Services, and the companys IT and Digital Services business is also 
being reviewed. 

Xerox CEO Steven Bandrowczak said: The shift to a business unit operating 
model is a continuation of our client-focused, balanced execution priorities 
and is designed to accelerate product and services, go-to-market, and 
corporate functions operating efficiencies across all geographies we serve. 

Changes have also been made to the firm's C-suite and executive team, 
including the departure of two EVPs. 

The announcement confirmed that, subject to formal consultations, the 15% 
headcount reduction will take place over the coming quarter. Xerox said that 
its committed to providing transition support for affected employees. 

 TechRadar Pro asked Xerox to confirm our estimate of 3,000 jobs, which we 
took from the companys December 2023 figures, and for more information 
regarding the support that staff can expect moving forward. Any response will 
be posted here. More from TechRadar Pro Check out the best online courses and 
best online class sites to learn new skills Tech workers are quitting their 
jobs to look for better salaries Affected by job cuts? Here are the best job 
sites



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Link to news story:
https://www.techradar.com/pro/xerox-is-cutting-thousands-of-workers-in-reinven
tion


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