Xerox cuts 1,255 jobs in first half as Lexmark integration continues

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  "signal_type": "news",
  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2026-08-07T15:02:26+00:00",
  "company": {
    "name": "Xerox",
    "domain": "xerox.com"
  },
  "data": {
    "url": "https://hartfordbusiness.com/article/xerox-cuts-1255-jobs-in-first-half-as-lexmark-integration-continues/",
    "title": "Xerox cuts 1,255 jobs in first half as Lexmark integration continues - Hartford Business Journal",
    "excerpt": "Norwalk-based Xerox Holdings Corp. eliminated 475 jobs during the second quarter and 1,255 positions during the first half of 2026 as the company integrates Lexmark International and restructures its operations. In its quarterly report filed Thursday with the Securities & Exchange Commission, the company said its restructuring efforts are aimed at reducing costs and aligning its business following the acquisition of printer manufacturer Lexmark last year. In addition to workforce reductions, Xerox said it is consolidating operations, outsourcing and offshoring certain functions, exiting selected product lines and geographic markets, and reducing its real estate footprint. Xerox did not disclose where the layoffs occurred or how many affected employees work in Connecticut. The company recorded $23 million in restructuring charges during the second quarter and $71 million during the first six months of the year. Restructuring and related costs totaled $68 million in the first half, up from $9 million during the same period in 2025. The charges primarily reflect severance costs tied to the workforce reductions. The cost-cutting comes as Xerox posted improved financial results. The company reported net income of $13 million for the second quarter, compared with a net loss of $106 million in the year-ago period. Second-quarter revenue increased 24% year-over-year to $1.92 billion...",
    "summary": "Xerox Holdings Corp. eliminated 1,255 jobs during the first half of 2026 as it continues to integrate Lexmark International and restructure its operations.",
    "location": "Norwalk, Connecticut, USA",
    "planning": false,
    "headcount": 1255,
    "image_url": "https://assets.hartfordbusiness.com/wp-content/uploads/2025/04/xerox-2.jpg",
    "confidence": 0.95,
    "published_at": "2026-08-07T15:02:26Z",
    "location_data": [
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        "city": "Norwalk",
        "state": "Connecticut",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
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      }
    ],
    "article_sentence": "Norwalk-based Xerox Holdings Corp. eliminated 475 jobs during the second quarter and 1,255 positions during the first half of 2026 as the company integrates Lexmark International and restructures its operations."
  }
}

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