Report: Xerox to lay off 2,500 employees
Xerox Corp. will reportedly lay off 2,500 employees as part of a restructuring of the company’s services business.
The Norwalk-based document technology and business services corporation said in a Nov. 13 press release that it would incur an estimated $100 million restructuring charge in the fourth quarter of 2012.
The layoffs will affect 2,500 employees, according to multiple reports.
It was not immediately clear whether the cuts would impact Xerox’s Connecticut workforce, or when they would take effect. A company representative could not immediately be reached for comment.
At Xerox’s annual investor conference held Nov. 13 in New York City, CEO Ursula Burns was expected to detail the company’s efforts to capitalize on its expanding business services unit, which now accounts for more than half of Xerox’s revenues.