Monday, February 12, 2018

Xerox to Merge with Fuji Xerox - 10,000 jobs to be eliminated

I am a long-time fan of, and subscriber to, Larry Hunt’s Newsletters

(“Color Copy News”, “High Speed Copy News”, “Wide-Format News”)

In the intro section in one of the newsletters this month, this note was included:

“Editor’s note: This significant merger was announced as the newsletters went to press. There is a related story in this month’s High Speed News that details the efforts of two large Xerox investors to compel changes in Xerox management. It appears these efforts have had an effect.
I also noticed press reports stating that at least 10,000 jobs will be eliminated at the combined companies in the near future. It is not yet clear where these job losses are to occur, and whether they are the result of this merger or were already planned.
It will be interesting to see how this combination will develop.”

Blog-publisher’s comment:

Wow, 10,000 jobs being eliminated!  A sign of the times.

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