Xerox Reinvention and Operating Model Evolution

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Xerox (XRX) shares fall after company announces 15% workforce reduction

January 3, 2024 10:08 AM EST

Xerox Corp. (NASDAQ: XRX) shares tumbled more than 6% Wednesday after the company announced a workforce reduction as part of its new operating model and organizational structure.

Xeros said it is planning to cut 15% of its workforce. As part of the "Reinvention and Operating Model... More