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Xerox announces layoffs after Lexmark acquisition
Xerox announces layoffs after Lexmark acquisition
Listen to this articleXerox Corp. announced it is laying off a portion of its workforce following the completion of its $1.5 billion acquisition of Kentucky-based Lexmark earlier this year. The company did not disclose how the cuts will affect its local operations.
“Following the successful completion of the Lexmark acquisition, Xerox began employee notifications of a workforce reduction as part of its broader effort to integrate and merge the two companies’ operations,” the company said in a statement. “These are difficult but necessary decisions as we work to integrate our teams and optimize resources for long-term success under the new organization. We are committed to treating all affected employees with dignity and respect throughout this process.”
A company spokesperson said Xerox would not provide details on the number or location of affected employees.
“After a thorough examination of the company’s workforce reduction by jurisdiction and the applicable laws, we concluded Xerox does not meet the criteria for filing a Worker Adjustment and Retraining Notification in New York,” the spokesperson said.
Xerox employed 1,463 local workers at the end of 2024, according to the 2025 RBJ Manufacturers’ List—down 17 percent from 1,754 employees reported in 2023.
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