Xerox Layoffs: 15% of staff being cut, part of ‘reinvention’

Xerox announced that it’s cutting 15 per cent of its workforce as it restructures its business.

According to CNBC, the reduction, which is expected to take place this quarter, could affect more than 3,000 employees.

What’s happening at Xerox?

In a news release on Jan. 3, Xerox outlined a restructuring plan, which involves:

• Simplifying products within its core print business
• Increasing efficiency across its global business services
• Boosting focus on IT and other digital services

The company, which specializes in document management solutions and services, has also “redesigned and realigned” its executive team to support the new operating model.

“The shift to a business unit operating model is a continuation of [Xerox’s] client-focused, balanced execution priorities and is designed to accelerate product and services, go-to-market, and corporate functions’ operating efficiencies across all geographies we serve,” CEO Steven Bandrowczak said in the release.

Bandrowczak added that the move is a “significant step towards accomplishing the goals we seek to achieve with our Reinvention.”

Xerox layoffs in Canada

It remains unclear if any Canadian employees will be let go as Xerox restructures its business.

The company employs more than 2,500 people in the country, according to its LinkedIn page.

Termination agreements for Xerox Canada staff

In Canada, non-unionized employees at Xerox are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and B.C.

People working “on contract” or as a contractor may also be owed severance pay — given that many employees in Canada are often misclassified as independent contractors.

Severance can be as much as 24 months’ pay, depending on a number of factors.

WATCH: Employment lawyer Lior Samfiru explains why you are still owed severance if you have been downsized on an episode of the Employment Law Show.

Before you accept any severance offer, have an experienced employment lawyer at Samfiru Tumarkin LLP review it and your employment contract.

If you don’t receive the correct amount, which happens often, you have been wrongfully dismissed and should take legal action.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue proper severance pay.

LEARN MORE
• Severance for provincially regulated employees
• Rights to severance for tech sector staff
• Severance packages during mass layoffs

Major tech layoffs continue

The job cuts at Xerox come after a flurry of tech sector layoffs in 2023.

Big names, including Bolt, Cruise, Etsy, Spotify, Unity, Broadcom, ByteDance, Amazon, Informatica, Ubisoft, Bungie, Splunk, and Nokia, have significantly scaled back their staffing levels as they continue to navigate challenging economic conditions.

SEE ALSO
• Firm launches $130M class action against Shopify for breach of contract
• Report: Google could cut jobs in ad sales unit amid AI success
• Where are layoffs happening in Canada?

Lost your job? Talk to an employment lawyer

If you have been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you are a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.