-
The future headquarters of Xerox (NYSE: XRX) at 201 Merritt 7 in Norwalk, Conn., on Jan. 3, 2017, when the document technology company announced it had completed its separation from the new business process outsourcing giant Conduent. Xerox has been based the past decade at the nearby Towers complex at 45 Glover Ave. in Norwalk.
lessPhoto: Alexander Soule / Hearst Connecticut MediaThe future headquarters of Xerox (NYSE: XRX) at 201 Merritt 7 in Norwalk, Conn., on Jan. 3, 2017, when the document technology company announced it had completed its separation from the new business process
... more
The future headquarters of Xerox (NYSE: XRX) at 201 Merritt 7 in Norwalk, Conn., on Jan. 3, 2017, when the document technology company announced it had completed its separation from the new business process outsourcing giant Conduent. Xerox has been based the past decade at the nearby Towers complex at 45 Glover Ave. in Norwalk.
lessThe future headquarters of Xerox (NYSE: XRX) at 201 Merritt 7 in Norwalk, Conn., on Jan. 3, 2017, when the document technology company announced it had completed its separation from the new business process
... moreIn its first full year under the oversight of investor Carl Icahn, Xerox recorded its biggest profits since 2011, but at the cost of 5,700 jobs it cut or offloaded in a bid to squeeze costs out of the business.
The Norwalk-based office equipment giant’s earnings totaled $1.4 billion in 2019, roughly quadruple its totals from the year before. Xerox revenue declined 6 percent last year to $9 billion, though contracting only slightly in the fourth quarter compared to a year earlier.
Xerox shares were up 4 percent Tuesday morning in advance of the markets opening to just above $35, with the issue entering the year at nearly $37 a share.
At the urging of Icahn, Xerox is seeking a takeover of computer and printer giant Hewlett-Packard, with HP’s board rejecting a $33 billion offer that Xerox is now presenting directly to investors, last week proposing a slate of candidates to HP’s board for consideration at this year’s annual meeting.
Icahn won a Xerox proxy contest in the spring of 2018, gaining control of the board and installing John Visentin as CEO. The company promptly instituted a restructuring program called “Project Own It” that continues today. The company entered 2020 with a workforce of 27,000 people, having cut jobs through a mix of layoffs; leaving positions unfilled as employees leave on their own volition; and a new outsourcing agreement with HCL Technologies.
In November, Xerox sold Fujifilm its 25 percent stake in the long-running Fuji Xerox joint venture in Japan, receiving $2.2 billion.
Alex.Soule@scni.com; 203-842-2545; @casoulman
"jobs" - Google News
January 28, 2020 at 07:23PM
https://ift.tt/2U5qWCm
Xerox turns corner on profits after 5.7K jobs cut in 2019 - Thehour.com
"jobs" - Google News
https://ift.tt/36m99ub
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
No comments:
Post a Comment