“Xerox continues restructuring activities as identified through recent earnings announcements,” Xerox spokesman Bill Mckee said. “On Monday, members of the Xerox Information Management group and the finance group in Monroe County and other locations were told that a number of positions would be eliminated.”
The job cuts are part of the document company’s initiative to make Xerox more efficient and responsive to its markets, he said.
“Every decision is a difficult one and we understand the impact on individuals,” Mckee said, noting that other locations where layoffs have occurred include facilities in Wilsonville, Ore., and Lewisville, Texas.
Some jobs in the UK also may be impacted.
“These positions are primarily part of Xerox’s internal IT operations and include IT software engineers, systems engineers, program managers and associated support, as well as finance managers,” he said.
As part of its second-quarter financials reported in August, Xerox noted that the company expects to incur additional restructuring and related costs of roughly $35 million in the third quarter 2017 “for actions and initiatives that have not yet been finalized.”
Shares of Xerox stock (NYSE: XRX) were up slightly Wednesday afternoon from Tuesday’s close of $32.44.
Follow Velvet Spicer on Twitter: @Velvet_Spicer
(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email email@example.com.