Xerox begins layoffs in latest restructuring

Xerox Corp. announced it has begun notifying employees of its previously announced workforce reduction, as outlined in its “Revinvention” plan. The Rochester Democrat and Chronicle estimates a 15% staff reduction among its 23,000 global workforce.

As shared last month, Xerox is implementing a new operating model and streamlining our organizational structure to align with the evolving needs of our clients and the modern workplace landscape. Today we began employee notifications related to our previously announced workforce reduction measures as part of these strategic reorganization efforts. These are difficult, but necessary decisions to meet our Reinvention commitment. We firmly believe our revamped operating model will drive operational efficiencies, both for our clients and within Xerox, and will set our business up for long-term success and sustainability in an ever-changing market environment. We are committed to treating all affected employees with dignity and respect and are providing transition services.