Xerox Beats Estimates, Plans Job Cuts

Sadighi, Lalee
October 2008
Red Herring;10/23/2008, p3
Trade Publication
The article announces the plan of printer and copier maker Xerox to cut 3,000 jobs over the next six months on a worldwide basis. It states that the cuts represent nearly 5 percent of the company's global work force, which counts over 57,000 employees. Xerox employees in the U.S. will be offered voluntary leave packages, such as 1.5 weeks of pay for every year of service. It talks about the financial performance of Xerox in the third quarter of 2008.


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