Am I Next? Xerox Layoffs

As part of their three-year “strategic transformation” program, Xerox has announced that they will be laying off approximately 121 employees, with the majority of layoffs occurring in their printing and photographic products manufacturing division. Many supporters claim that Xerox needs even more drastic restructuring to avoid becoming another Kodak. An employee reports that he was offered “2 weeks of continuance pay. Then 1 week of severance pay for each year of service.” Another reason to trim your standard of living and plan ahead.