ROCHESTER, NEW YORK—  Xerox is reducing its workforce as part of its merger with the company Lexmark. A company spokesperson said the move is "part of a broader effort to integrate and merge the companies' operations." The company didn't provide specifics about the employees affected or where the cuts are being made, so it's unclear if any workers in Canada are impacted.Lexmark was formed out of IBM in 1991, Lexmark was sold to Chinese investors in 2016 for $3.6 billion. Xerox paid $1.5 billion in 2025 In late 2024, Xerox also made two major acquisitions. ITSavvy, a US-based provider of IT products and services for $400m, and the acquisition of colour printer manufacturer Lexmark in a $1.5bn deal. “In 2025, Xerox says they expect to build on changes made in 2024 in order to focus on executing their Reinvention strategy, realizing the benefits of the ITsavvy and Lexmark acquisitions, and strengthening their balance sheet.”