It’s coming yall
2 replies (most recent on top)
Good luck to those who decide to ride this ruptured duck. I'm outta here, dar better options out there!!!!!!
Xerox, the struggling digital printing company, has unveiled a strategic plan for reinvention. As part of this transformation, the company will take the following actions:
Workforce Reduction:
Xerox plans to lay off 15% of its workforce.
This move aims to cut costs and jump-start growth.
The company had approximately 20,000 employees as of October 2023.
The reductions will begin taking effect within the next several weeks.
New Operating Model and Organizational Structure:
Xerox is adopting a new operating model.
The goal is to enhance efficiency in bringing products and services to market.
The company will also form a new business services unit.
Leadership changes are underway to drive the company’s new approach:
John Bruno, President and Chief Operating Officer, will lead the alignment of print, digital services, and tech services business.
Louis Pastor, Chief Transformation Officer, will oversee the new global business services organization.
Challenges and Growth Outlook:
Although Xerox reported net income of $77 million in its 2023 third quarter, its growth has stalled in recent years.
The proposed workforce reductions are part of Xerox’s effort to energize growth and optimize its core print business.
While these changes reflect a challenging outlook, Xerox aims to navigate the evolving landscape and position itself for renewed success