As exclusively revealed on this blog last month Xerox is cutting its workforce.
A US website has reported that Xerox officials have confoirmed there will be about 2,500, cuts but does nt reveal any of the finer details apart from that the services arm will take the biggest hit.
This blog has already revealed a bit more. Computer Weekly understands the European services arm of Xerox is letting sales and pre sales teams go as well as the leadership in a bid to save $18m to contribute to an overall Xerox target of reducing costs by hundreds of millions of dollars.
A source that knows the situation said that Xerox is not going for growth in its European services business but wants to protect the business it already has.
Xerox’s European services business includes IT outsourcing, financial services BPO and HR outsourcing.