ROCHESTER, N.Y. — Xerox is reducing its workforce as part of its merger with the company Lexmark, a Xerox spokesperson confirmed.
Xerox acquired Lexmark, a Kentucky-based imaging and laser printing company, in July at a $1.5 billion valuation. In a statement, Xerox said it has begun notifying employees about workforce reductions as it integrates with the new company.
“These are difficult, but necessary decisions as we work to integrate our teams and optimize resources for long-term success under the new organization,” the statement reads. “We are committed to treating all affected employees with dignity and respect throughout this process.”
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