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Xerox, the IT corporation behind ubiquitous office equipment like scanners and printers, is laying off 15% of its workforce as part of a so-called “reinvention” strategy.

Per Xerox’s website, it had roughly 20,000 employees as of October 2023, meaning the cut would affect some 3,000 positions.

The bloodbath is part of a larger restructuring that will see the Norwalk, Conn.-based company adopting a new operating model and organizational structure aimed at boosting its core print business, according to CBS News.

It will also form a new business services unit and execute an executive shuffle that will see president and chief operating officer John Bruno leading the enterprise alignment of the company’s print, digital services and tech services business.

And Louis Pastor, Xerox’s chief transformation officer, will oversee the new global business services organization, per CBS.

The company’s longtime in-house counsel, Flor Colon, will also be promoted to chief legal officer.

Xerox CEO Steven Bandrowczak referred to the overhaul as “reinvention” in a statement to CBS that said the strategic pivot will enhance the company’s ability to efficiently bring products and services to market.

Following the news, Xerox’s share price tumbled nearly 10%, to $16.26, as of Wednesday afternoon.

The workplace and digital printing solutions company’s revamp comes at a time when its growth has stalled — though it’s managed to turn a profit in recent years, including in 2022, when the company generated $7.1 billion in revenue.

In 2021, Xerox raked in $7.06 billion, slightly more than the $7.02 billion it made in 2020, the same year it abandoned its $35 billion attempt at a hostile takeover of larger rival HP because of the pandemic.

Representatives for Xerox did not immediately respond to The Post’s request for comment.

Xerox’s hefty layoff comes at a time when it’s getting increasingly harder to find a job.

Data from employment website Indeed found that job postings on the site were down more than 15% in 2023 compared to recent years.

Indeeds Job Posting Index, which tracked job postings as of early November 2023, showed an even bleaker drop of 22.5% from their Dec. 31, 2021, peak following a post-COVID hiring frenzy.

For reference, at the start of 2022, job postings on Indeed had skyrocketed nearly 70% from the year prior.

Separately on Wednesday, the Labor Department said job openings at US employers reached their lowest levels since early 2021, as did the number of people quitting their jobs a signal of shaky confidence in the job market.

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Embedding human rights into crypto isn’t optional, it’s foundational

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Embedding human rights into crypto isn’t optional, it’s foundational

Embedding human rights into crypto isn’t optional, it’s foundational

Embedding human rights into crypto systems is a necessity. Self-custody, privacy-by-default, and censorship-resistant personhood must be core design principles for any technology. The future of digital freedom depends on it.

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Three women charged under Terrorism Act after van driven into fence of defence factory

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Three women charged under Terrorism Act after van driven into fence of defence factory

Three women have been charged under the Terrorism Act after a van was driven into an external fence of a defence business in Edinburgh.

The incident happened at the Leonardo facility in Crewe Road North on Tuesday.

The three women – aged 31, 34 and 42 – who were earlier arrested under the Terrorism Act have been charged and are due to appear at Edinburgh Sheriff Court on Monday 21 July.

Police Scotland’s Counter Terrorism Unit are leading the investigation and enquiries are ongoing.

This breaking news story is being updated and more details will be published shortly.

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Can the Rangers’ offense be fixed? Five numbers that tell the story of Texas’ lineup woes

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Can the Rangers' offense be fixed? Five numbers that tell the story of Texas' lineup woes

Less than two years ago, the Texas Rangers rode a potent offense to the first World Series championship in franchise history. Since then — on paper, at least — that group has only improved. Established sluggers were brought in. Young, promising players accrued more seasoning. Core stars remained in their primes. And yet, over the course of 10 baseball months since hoisting the trophy on Nov. 1, 2023, the Rangers have fielded one of the sport’s worst offenses, a sobering reality that continues to vex team officials.

The circumstances of 2025 have only intensified the frustration.

The Rangers have received Cy Young-caliber production from a rejuvenated Jacob deGrom, who had compiled fewer than 200 innings over the last four years. Their rotation went into the All-Star break with the second-lowest ERA in the major leagues. Their bullpen, practically rebuilt over one offseason, ranked third. Their defense (16 outs above average) was elite, as was their baserunning (10.8 runs above average). But the Rangers, despite back-to-back wins over the first-place Detroit Tigers this weekend, find themselves only a game over .500, seven games out of first place and 2 1/2 games out of a playoff spot, because they can’t do the one thing they were expected to do best: hit.

Bret Boone, the former All-Star second baseman who was installed as the team’s hitting coach in early May, has been tasked with fixing that — but he is also realistic.

“I’m not gonna come in here and ‘abracadabra,'” he said, waving his right arm as if wielding a magic wand. “That’s the big misnomer about hitting. Hitting is really hard. The bottom line is — you can prepare as much as you want, but when you get in the box, it’s just you and that pitcher.”

Boone isn’t here for an overhaul. He’s here to encourage. To simplify. One of his prevailing messages to players, he said, has been to “watch the game” — to put away the tablet, come up to the dugout railing and see how opposing pitchers are attacking other hitters. Boone has emphasized the importance of approaching each game with a plan, whatever that might be. He has occasionally blocked off the indoor batting cage, worried that hitters of this generation swing too often. And he has encouraged conversation.

“That’s what great offenses do,” Boone said. “They’re constantly interacting.”

There might not be a more interesting team to watch ahead of the trade deadline. Rangers president of baseball operations Chris Young is not one to give up on a season, particularly with a team this talented. But one more rough patch might force him to, at least to an extent. Young would prefer to add, but it’s hard to envision a way to improve the lineup from outside.

He won’t find a better middle-infield combo than Corey Seager and Marcus Semien. Or a better outfield than Evan Carter, Wyatt Langford and Adolis García. Or a better designated hitter than Joc Pederson, who could return from a hand fracture before the end of this month. Or a better catching tandem than Jonah Heim and Kyle Higashioka. Or a better crop of corner infielders than Josh Smith, Josh Jung and Jake Burger, though Burger returned to the injured list with a quad strain earlier this week.

Any offensive improvement will probably come internally, signs of which emerged recently. The Rangers got Carter back from the bereavement list on July 4 and Langford back from the IL on July 5, making their lineup as close to whole as it has been all year. Over the ensuing week, they scored 53 runs in seven games heading into the All-Star break. Maybe it was a sign of things to come. Or, if recent history is any indication, a short burst of false promise.

Below is a look at five numbers that define the Rangers’ surprising offensive downturn.


1. Semien and Seager’s combined OPS on June 22: .671

The Rangers’ rise began in late November 2021, just before the sport shut down in the leadup to an ugly labor fight, when Semien and Seager secured contracts totaling $500 million. Their deals came within days of each other, ensuring they’d share a middle infield for years to come. And when the Rangers won it all in 2023, it was Semien and Seager hitting back-to-back at the top of the lineup, setting the tone for an offense that overwhelmed teams in October.

Some things haven’t changed: Semien and Seager are still the driving forces of this offense. For most of this year, though, that hasn’t been a positive thing.

As late as June 22, with the Rangers 78 games into their season, Semien and Seager had combined for a .229/.312/.359 slash line. Their combined OPS, .671, sat 44 points below the league average.

Semien, traditionally a slow starter, finished the month of May with the second-lowest slugging percentage among qualified hitters and at times batted ninth. Seager made two separate trips to the IL because of the same right hamstring strain and eventually fell out of whack, batting .188 in June. If the Rangers are looking for good news, though, it’s that Semien and Seager finally got going in the leadup to the All-Star break. From June 23 to July 13 — with Seager and Semien settling into the No. 2 and No. 3 spots, respectively — they slashed .313/.418/.592.

“We all want to be on at the same time,” Semien said. “It’ll never happen like that, but if Corey and I are on, this team goes.”


2. Texas’ slash line against fastballs: .236/.312/.372

One of the Rangers’ coaches recently recalled some of the most iconic homers from the team’s championship run — García’s grand slam in the American League Championship Series, and Seager’s blasts against Houston’s Cristian Javier and Arizona’s Paul Sewald.

They all had one thing in common: turning on high fastballs and pulverizing them.

The Rangers were one of the best fastball-hitting teams in 2023. That has been far from the case since. The Rangers slashed just .233/.315/.379 against four-seam fastballs in 2024, worse than every team except the Chicago White Sox, who lost a record 121 games. This year, it isn’t much better.

The Rangers’ slash line against four-seamers was only .236/.312/.372 heading into the All-Star break, good for a .684 OPS that ranked 27th in the majors. Burger (.473 OPS), Heim (.500), Pederson (.620) and García (.660) were especially vulnerable. Against four-seamers that were elevated, no team had a higher swing-and-miss percentage than Texas (55.5%).

Being in position to hit the fastball has been one of the points of emphasis from the hitting coaches in recent weeks. It doesn’t mean every hitter will look fastball first — approaches are individualistic and often alter based on matchups — but it does underscore the importance of narrowing the focus. Opposing pitchers are too good these days. Hitters can’t account for everything. And the best offenses are able to take something away from an opposing pitching staff. The 2023 team took away the fastball as an attack weapon. But the Rangers, in the words of one staffer, have been “stuck in between” ever since — late on velocity and off balance against spin.

It’s a tough way to live.


3. Rangers’ chase rate with RISP: 32.2%

When asked about the biggest difference between the 2023 offense and the 2025 version, Rangers manager Bruce Bochy mentioned the approach in run-scoring opportunities. The team from two years ago, he said, was much better at situational hitting with runners in scoring position. This team seems to chase too much in those situations.

The numbers bear that out.

The Rangers’ chase percentage with runners in scoring position was 32.2% coming out of the All-Star break, fourth worst in the major leagues. Their strikeout percentage, 23.7%, was fifth worst. Their slash line, .230/.304/.357, was down there with some of the worst teams in the sport. The Rangers’ lineup has some strikeout in it — with Burger, Jung and García at the top of that list — but team officials believe it should be much better adept at driving in runs.

Not being able to has led to some dramatic highs and lows. The Rangers have scored eight or more runs 13 times, including two instances over a 72-hour stretch in which they hung 16 runs on the Minnesota Twins. But there have also been 25 games in which they have been held to one or zero runs, third most in the major leagues.


4. Carter’s and Jung’s wOBA ranks since 2023: 205th and 264th

Entering the second half, 380 players had accumulated at least 300 plate appearances since the start of the 2024 season. Among them, Carter ranked 205th with a .308 weighted on-base average. Jung, with a .295 wOBA, ranked 264th.

Jung looked like a budding star at third base in 2023, making the All-Star team and finishing fourth in AL Rookie of the Year voting. Carter came up in September and surged throughout October. With those two and Langford, Texas’ draft pick at No. 4 earlier that summer, the Rangers had three young, controllable players they could surround with their long list of established stars. It seemed unfair, yet it hasn’t come close to panning out.

Carter struggled through the first two months of 2024, was diagnosed with a stress reaction in his back, couldn’t fully ramp back up, got shut down for good in August, didn’t look right the following spring training and started the 2025 season in Triple-A. Carter appeared in just 45 games in 2024. Jung played in only one more, after a wrist fracture held him out for most of the first four months.

Then came a stretch of 101 plate appearances this June during which Jung notched just 15 hits, 5 walks and 27 strikeouts. Eight of those strikeouts came over his last four games, when his chase rate jumped to 45.9% — 12 percentage points above his career average. A Rangers source described him as “defeated” and “lost.”

On the second day of July, Jung was optioned to Triple-A Round Rock.


5. Rangers’ wRC+ since 2023: 94

There might not be a better representation of the Rangers’ drop-off than weighted runs created plus, which attempts to quantify total offensive value by gathering every relevant statistic, assigning each its proper weight and synthesizing it all into one convenient, park- and league-adjusted metric. The league average is 100, with every tick above or below representing a percentage point better or worse than the rest of the sport at that time.

During the 2023 regular season, the Rangers put together 117 wRC+. In other words, their offense was 17% above league average. Only one team — the Atlanta Braves, another currently underperforming club — was better. From the start of the 2024 season to the start of the 2025 All-Star break, the Rangers compiled a 94 wRC+, putting them 6% below the league average. Only eight teams were worse.

Five every-day players from that 2023 team are still on the Rangers — not counting Carter, who didn’t come up until September — and all of them have seen their OPS drop by more than 100 points. Seager? 1.013 OPS in 2023, .856 OPS since. García? .836 in 2023, .681 since. Heim? .755 in 2023, .605 since. Semien? .826 in 2023, .693 since. Jung? .781 in 2023, .676 since.

For Young, it’s not just the individual performances but how they coalesce.

“What we had was just a really balanced approach and a collective mindset in terms of the way we were attacking the opposing pitcher,” Young, in his fifth season as the head of baseball operations, said of the 2023 offense. “We had other guys who could grind out at-bats. We had guys who could hit for average. We had guys who slugged. And I still think we have that in our lineup. It’s just, for whatever reason, a number of them have had bad years to start the season. When you have a couple guys having down years, you can survive. When you have a majority of them having down years, it’s magnified. And then guys start pressing and putting pressure on themselves, and it makes it even harder.”

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