Xerox to terminate over 3,000 employees
Announced new “Reinvention” reorganization plan
- Includes getting rid of 15% of its total workforce, which is over 3,000 people
- “decision to reduce our global workforce was a difficult but necessary step toward establishing long
term viability for Xerox” - “cuts will come across all levels and areas of our organization”
- “simplifying products within core print business”
- “increasing efficiency across global business services”
- “boosting focus on IT and other digital services”
- Executives apparently departing the company include:
- Mike Pietrunti (U.S. Dealer Partner Leader)
- Joanne Collins Smee (EVP and President America)
- Tracey Koziol (EVP of Global Offering Solutions & Chief Product Officer)
- Leadership team now comprised of:
- Steve Bandrowczak (CEO)
- John Bruno (President & COO will lead enterprise print, digital services and IT services)
- Louie Pastor (Chief Transformation & Administrative Officer)
- Flor Colon (Chief Legal Officer)
- Xavier Heiss (CFO)
- Deena Piquion (Chief Growth & Disruption Officer)
- Jacques Edouard Gueden (Chief Channel & Partner Officer)
- Fred Beljaars (Chief Delivery & Supply Chain Officer)
- Suzan Morno Wade (Chief Human Resources Officer)
- Chris Fisher (Chief Strategy Officer)