Norwalk-based Xerox Holdings Corp. eliminated 475 jobs during the second quarter and 1,255 positions during the first half of 2026 as the company integrates Lexmark International and restructures its operations.
In its quarterly report filed Thursday with the Securities & Exchange Commission, the company said its restructuring efforts are aimed at reducing costs and aligning its business following the acquisition of printer manufacturer Lexmark last year.
A company spokesperson declined to say how many of the eliminated positions were in Connecticut, saying Xerox does not disclose specifics about affected employees.
Nearly 200 members of the company’s global workforce are based in Connecticut or report into its Norwalk headquarters, the spokesperson said.
Xerox reviewed its workforce reduction by jurisdiction against the applicable laws and concluded it did not meet the criteria for filing a Worker Adjustment and Retraining Notification in Connecticut, the spokesperson said.
Xerox has about 22,900 employees worldwide, according to its 2025 annual report.
In addition to workforce reductions, Xerox said it is consolidating operations, outsourcing and offshoring certain functions, exiting selected product lines and geographic markets, and reducing its real estate footprint.
Xerox did not disclose where the layoffs occurred or how many affected employees work in Connecticut.
The company recorded $23 million in restructuring charges during the second quarter and $71 million during the first six months of the year. Restructuring and related costs totaled $68 million in the first half, up from $9 million during the same period in 2025.
The charges primarily reflect severance costs tied to the workforce reductions.
The cost-cutting comes as Xerox posted improved financial results.
The company reported net income of $13 million for the second quarter, compared with a net loss of $106 million in the year-ago period.
Second-quarter revenue increased 24% year-over-year to $1.92 billion, driven by the Lexmark acquisition. For the first six months of 2026, Xerox reported a net loss of $92 million, compared with a $196 million loss during the same period last year.
Xerox completed its $1.5 billion acquisition of Lexmark in December 2025, saying the deal would expand its presence in the growing managed print services market while generating significant cost synergies.
