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Xerox shares fell more than 10% in morning trade to $16.19. Although the company is profitable, reporting net income of $77 million in its 2023 third quarter, Xerox's growth has stalled in recent.

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Xerox Holdings Corporation ( / ˈzɪərɒks /, ZEER-ocks; also known simply as Xerox) is an American corporation that sells print and digital document products and services in more than 160 countries. [3]

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In 1959, it introduced an office copier called the Haloid Xerox 914, a machine that, unlike its numerous competitors, made sharp, permanent copies on ordinary paper—a huge breakthrough.

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Xerox's stock has slumped 7.1% amid a four-day losing streak, which started after it closed at a 16-month high of $18.94 on Dec. 27. It has run up 15.6% over the past three months,.

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Photo: Michael Nagle/Bloomberg News. Xerox Holdings said it would reduce its workforce by 15% and shake up its leadership team as it reorganizes its operating model. The printer maker said.

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No. 2: Xerox commits to waste-free products. The decision itself is not innovative, but it was bold and insightful. It also required a lot of innovative work and technology to move our company toward "waste-free.". Xerox was the first to introduce recycled grades of cut sheet paper, and automatic two-sided copying and printing.

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DIGITAL PRINTING Explore how Xerox ® metallic ink can be used in print design, using gold and silver flakes for sparkly effects. See How OFFICE & GLOBAL DOCUMENT SERVICES Xerox products & services have received some of the industry's top honors. Learn more WORKPLACE APPS Never waste time searching for documents.

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Introduced in 1959, the Xerox 914 could make 100,000 copies per month. The Smithsonian received this machine in 1985. National Museum of American History

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NORWALK, Conn., January 03, 2024--Xerox Holdings Corporation (NASDAQ: XRX) today announced a new operating model and organizational structure to further the company's Reinvention.

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$299.99 Add to cart Learn more Compare Xerox B235 Multifunction Printer ☆☆☆☆☆ ★★★★★ Reviews (24) Compact black-and-white multifunction printer for remote workspaces or home offices Copy, print, scan, fax

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Jan. 31, 2018 When Xerox introduced its popular copying machines in 1959, their wizardry was considered as high tech as the iPhone when Steve Jobs presented it to the world almost 50 years later..

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Xerox, major American corporation and brand that was a pioneer in office technology, notably being the first to manufacture xerographic plain-paper copiers.

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The Xerox Alto, which debuted in the early spring of 1973, is uncannily familiar today, because we are living in a world of computing that the Alto created. Here's how the Alto came to be.

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From the first xerographic image that was made in 1938 to our breakthroughs in home and business computing from the 1970s to today, we've been advancing business from day one. View a decade from the lists below to see how Xerox has been defining the future of documents for over 100 years. 2020s 2023 | 2022 | 2021 | 2020 2023

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Shares of Xerox (NASDAQ:XRX) are down by about 10% after the company announced that it would lay off 15% of its workforce as part of its restructuring plan called the Reinvention and Operating.

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Xerox is committed to providing transition support for affected employees.. This release and other written or oral statements made from time to time by management contain "forward looking.