Xerox To Cut 15% of Workers in Strategy It Calls a 'Reinvention'

Xerox will lay off 15% of its workforce as the struggling digital printing company moves to cut costs and jump-start growth. From a report: In announcing the cuts, Xerox said Wednesday it is adopting a new operating model and organizational structure aimed at boosting its core print business, while also forming a new business services unit. CEO Steven Bandrowczak said in a statement that the shift will enhance the company's ability to efficiently bring products and services to market, labeling the strategic pivot at Xerox a "reinvention." As of October 2023, Xerox had roughly 20,000 employees, according to the company's website.

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