Xerox Sales Up Slightly, Headcount Continues to Drop
Sales were up slightly for Xerox Corp. in its most recent quarter, but profits dropped and the company, which has been cutting its headcount, plans to trim even more.
For the three months ending June 30, the company took in $5.4 billion, up about 1 percent from the same three months in 2012. The company’s growth in recent years, as well as in that most recent quarter, came from the business services side of the company.
Xerox cut 1,300 positions worldwide during the quarter, at a cost of about $39 million in severance packages. And the company said it anticipates further restructuring.