HardwareUS

Xerox Layoffs

January 2024

Xerox announced a layoff affecting 3,000 employees (15% of its workforce) in January 2024. The company operates in the Hardware sector.

People Affected

3,000

Percentage

15%

Announced Date

Jan 3, 2024

About

Xerox is laying off approximately 3,075 employees, representing 15% of its workforce of about 20,500, as part of a major restructuring announced in early 2024. The technology and document management company is implementing a new organizational structure and operating model to streamline its core print business, improve global efficiency, and increase focus on IT and digital services. The job cuts are being executed in the first quarter of the year, accompanied by a redesign of the executive team to drive this strategic shift.