Fujifilm will take over Xerox, cut 10,000 jobs

▤ Summary

The 75/25-percent joint venture largely operated in the Japan/Asia-Pacific region, with Xerox maintaining its own footprint in its native U.S.In a somewhat futile attempt to avoid confusion, the company has temporarily taken to calling the joint venture, “New Fuji Xerox.”Both companies have struggled to maintain profits in a changing landscape that has rapidly moved away from paper driven offices.The newly formed company will result in some pretty big job losses.The companies will close some Fuji Xerox factories and cut north of 10,000 jobs by 2020, largely in the Asia Pacific region.

▦ Linked Companies

Xerox Corporation

$1B+

Fujifilm Holdings Corporation

n/a