February 2016
Déjà Vu: Xerox Announces Plans to Split in Two
On January 29, 2016, Xerox announced its fourth quarter earnings as well as its plans for separating into two independent, publicly traded companies. Needless to say the latter, which was leaked by the Wall Street Journal the night before the official announcement, somewhat eclipsed the former.The two businesses will consist of a Document Technology company and a Business Process Outsourcing (BPO) company. Document Technology, with approximately $11 billion in 2015 revenue, around 40,000 employe...