Xerox cuts 400 jobs in Q1

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By Alexander Soule – Norwalk-based Xerox jettisoned 400 more jobs in the first quarter of the year while leaving unfilled roughly another 1,100 that opened up as a result of employee attrition.

The reductions took Xerox’s workforce to 30,900 people at the end of March.

Under CEO John Visentin, revenue dropped 9 percent from a year earlier to $2.2 billion, but profits surged to $133 million from $23 million in the first quarter of 2018.

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