A mix of “attrition, layoffs and new outsourcing agreement” are at the root of about 4,500 jobs already being lost at Xerox in the first half of 2019.
The Stamford Advocate reported that the global headcount at Xerox has been dropping below 28,000.
Xerox’s HCL deal and the HP-Xerox tie-up are all possible factors that the company restructuring also includes job losses globally.
The Stamford Advocate reported: “In the past several months, multiple anonymous people have cited 6,000 jobs as the number being transferred to HCL, in postings to online chats in which they identified themselves as Xerox employees while remaining anonymous.”
“Project Own It”, the name of the restructuring plan of CEO John Visentin, seems to be on track, and is looking to save Xerox $640 million (€576 million) this year, according to The Stamford Advocate. In the plans second phase for 2020 Xerox is aiming to save a further $450 million (€405 million).
