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21 August 2019
Xerox Staff Down by 4,500
ROCHESTER, NY—
It has been estimated that approximately 4,500 job have been eliminated so far this year at Xerox. The eliminations came through attrition, layoffs, and a new outsourcing agreement. The outsourcing agreement announced in March with HCL of New Delhi, India, could cost up to 6000 jobs.
.Xerox’s world wide workforce is now estimated to be about 28,000 , down from last year’s 35,000 employees. In 2016, it was reported that Xerox’s world wide workforce was about 144,000 employees.
Xerox scrapped a deal last year to merge with Fujifilm after it ran into strong opposition from activist investors Carl Icahn .Since then, Xerox has streamline its operation under the new management led by CEO john Visentin, .
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Xerox getting smaller
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John Visentin CEO
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Xerox scrapped a deal last year to merge with Fujifilm after it ran into strong opposition from activist investors Carl Icahn .Since then, Xerox has streamline its operation under the new management led by CEO john Visentin, .
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