Lexington, Kentucky-based Lexmark International, a global imaging solutions provider, having just finished announcing an extensive line of new printers last month, has announced another restructuring effort that will result in the layoff of 1,000 employees. In corporate-speak, “the restructuring is needed to align its workforce with its strategy to ensure the company's future success.”
This after 700 layoffs in 2017. The company started life as a spin-off of IBM’s printer business and was most recently acquired by a consortium of investors led by Apex Technology and PAG Asia in 2016. It was Lexmark that pioneered the sale of cheap ink at exorbitant prices as its revenue generation model.
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