Xerox offloaded 4,500 jobs in the first half of 2019 through a mix of attrition, layoffs and a new outsourcing agreement, as the company enters its second year under the leadership of CEO John Visentin after a 2018 proxy battle led by billionaires Carl Icahn and Darwin Deason.
Xerox has its headquarters in Norwalk, with the company’s global workforce dropping below 28,000 employees as of the end of June.
In March, Xerox announced an extension of an outsourcing agreement with HCL, which reported the value of the deal at $1.3 billion over seven years. HCL provides a range of outsourced technology services, including software development and hardware engineering, with revenue totaling $8.6 billion for the 12-month period ending in March. read the rest here