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<blockquote data-quote="texan" data-source="post: 1055104" data-attributes="member: 38206">Xerox to lay off 2,500; local impact unclearXerox Corp. CEO Ursula Burns sent a signal three weeks ago that bad news was coming.As she and other company executives announced third-quarter financial results, they also looked ahead&nbsp;to the fourth quarter and said they would spend $100 million on “restructuring” — usually&nbsp;corporate-speak for layoffs.On Tuesday, Xerox provided some sketchy details of that restructuring: By the end of the year, 2,500&nbsp;current employees will be former employees.The layoffs amount to less than 2 percent of Xerox’s worldwide workforce of 146,000 people. The impact on the Rochester area, where the company employs about 6,200, is unknown but may not be&nbsp;severe because those losing their jobs will be “mainly in the services side of the buisness,” said Karen&nbsp;Arena, a spokeswoman at corporate headquarters in Norwalk, Conn.</blockquote>

[QUOTE="texan, post: 1055104, member: 38206"] [B]Xerox to lay off 2,500; local impact unclear [/B][B]Xerox Corp. CEO Ursula Burns sent a signal three weeks ago that bad news was coming. [/B] [B]As she and other company executives announced third-quarter financial results, they also looked ahead to the fourth quarter and said they would spend $100 million on “restructuring” — usually corporate-speak for layoffs. On Tuesday, Xerox provided some sketchy details of that restructuring: By the end of the year, 2,500 current employees will be former employees. [/B] [B]The layoffs amount to less than 2 percent of Xerox’s worldwide workforce of 146,000 people. The impact on the Rochester area, where the company employs about 6,200, is unknown but may not be severe because those losing their jobs will be “mainly in the services side of the buisness[/B][B],” said Karen Arena, a spokeswoman at corporate headquarters in Norwalk, Conn.[/B] [/QUOTE]

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