Xerox to Cut Workforce 15% and Overhaul Operating Model

Updated Jan. 3, 2024 1:42 pm ET

Xerox Holdings mentioned it will cut back its workforce by 15% and shake up its management workforce because it reorganizes its working mannequin.

The printer maker mentioned Wednesday that it had shaped a worldwide business-services unit because it goals to stabilize its core print enterprise. Xerox additionally plans to extend its give attention to its rising information-technology and digital-services unit.

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