It was essentially ignored in the earnings call, but it was on the slides. Expectation of captured Lexmark synergies and continuing project Reinvention. Together, each drives layoffs.
One example, a software used by Lexmark is chosen instead of one used by legacy Xerox. Software cost savings are achieved, but the people managing the legacy solution? Bye bye headcount. This applies to Reinvention as well, as we have seen over the last year with layoffs.
Just more proof the Lexmark is Xerox's knight in shinny armor
"Equipment sales rose 23.4% to $485 million, largely reflecting the impact of the Lexmark acquisition, which contributed a 35.2 percentage point uplift. Excluding Lexmark, however, equipment revenue declined 11.8%."
https://www.msn.com/en-us/money/companies/xerox-slides-after-deep-q4-earnings-miss-despite-upbeat-2026-outlook/ar-AA1VfzcF
@ah LMFAO
Lexmark is here to rescue you.. please don't stand in the way.
They are already doing that exercise globally as acquired companies are having the wrong technology shoved down their throats with no say on how it runs