OTHER NEWS - Dec. 12, 1991
- Share via
From Times Staff and Wire Reports
Xerox to Cut Work Force: Xerox Corp. said it will cut its work force by 2,500 as part of a continuing effort to lower overhead costs. The company said it would reduce its pretax earnings for the fourth quarter by $175 million to cover costs associated with the cuts. Xerox said it expects to save about $150 million in 1992 and $200 million annually by reducing its worldwide document processing work force, which now is about 101,000 employees. The cuts will be completed by the middle of 1992.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
