Xerox Friday confirmed layoffs across the United States and Canada as part of an effort to optimize its operations globally.
The company confirmed to Channel Partners that there are less than 250 job cuts in New York state, but wouldn’t provide specific numbers. The positions include those in Xerox’s internal IT operations, including IT software engineers, systems engineers, program managers and associated support, as well as finance managers.
Xerox wouldn’t provide any further information or comment.
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Brighton Securities financial analyst George Conboy follows Xerox and told the Spectrum News Rochester that “they want productivity, they want profitability and the current structure doesn’t allow for that.”
“You either sell more stuff with the same number of people or sell the same amount of stuff with fewer people and that second piece is where they are right now,” he said.
Early this year, Xerox announced an enhanced channel-partner program with a newly established entry tier, “easier to achieve” sales rebates and other features aimed at improving how partners do business with the company. The enhancements are a key component of Xerox’s strategy to target IT solution providers through a program that’s simple to understand, promotes growth and offers robust sales incentives, according to the company.
Last month, Xerox reported a quarterly profit that was below Wall Street estimates as it posted higher costs related to its failed $6.1 billion merger with Fujifilm Holdings.