Xerox leader who managed significant drop leaves position after receiving $14.3M
The CEO of Xerox has stepped down amid a significant decline. This drop has sent the company’s stock tumbling over 90%, marking the end of a challenging period filled with layoffs, acquisitions, and escalating losses. Steve Bandrowczak, who received a total of $14.3 million in compensation for 2024, concluded his role as CEO on Monday. […]
Xerox to slash 15% of workforce, eliminating 3,000 jobs
Xerox, the IT company that develops ubiquitous office equipment such as scanners and printers, will lay off 15% of its workforce as part of a so-called “reinvention” strategy. According to the Xerox website, the company will have approximately 20,000 employees as of October 2023, and the layoffs will affect approximately 3,000 positions. The disaster is […]