Xerox has announced a 15% reduction in workforce as part of their new organizational restructuring and business model. It is estimated that this will affect approximately 3,000 employees.
In this new business structure, Xerox will divide its operations into three main segments: the Core Print Business, Global Business Services, and IT and Digital Services. There will also be a restructuring of the management team to align with these changes.
Steven Bandrowczak, CEO of Xerox, stated that these changes are aimed at supporting continuous operations and prioritizing customer satisfaction. The focus will be on reordering the importance of necessary elements to efficiently deliver new products and services.
TLDR: Xerox is implementing a new business model, leading to a 15% reduction in workforce and a restructuring of their operations. The company aims to prioritize customer satisfaction and improve efficiency in delivering new products and services.
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