Xerox Focuses on HR
Xerox Corporation is a $22 billion company, and is a world’s leading enterprise for business process and document management that manufactures and sells a range of color and black-and-white printers, multifunction systems, photo copiers, digital production printing presses, scanners, software solutions, and related consulting services and supplies. Xerox is headquartered in Norwalk, Connecticut and has 130,000 employees in 160 countries. On September 28, 2009, Xerox announced the intended acquisition of Affiliated Computer Services for $6.4 billion. The deal closed on February 8th, 2010. Xerox holds a Royal Warrant from HM Queen Elizabeth II and the Prince of Wales.
Xerox was founded in 1906 in Rochester as "The Haloid Photographic Company", which originally manufactured photographic paper and equipment. The company later changed its name to "Haloid Xerox" in 1958 and then simply "Xerox Corporation" in 1961. The company came to prominence in 1962 with the introduction of the Xerox 914, the first plain paper photocopier using the process of Electro-photography, which later was changed to xerography developed by Chester Carlson. The 914 was so popular that by the end of 1961, Xerox had almost $60 million in revenue. By 1965, revenues leaped to over $500 million. In September 2004, Xerox celebrated the 45th anniversary of the Xerox 914. More than 200,000 units were made around the world between 1959 and 1976; the year production of the 914 was stopped. Today, the 914 is part of American history as an artifact in the Smithsonian Institution. On May 21, 2009, it was announced that Ursula Burns would succeed Anne Mulcahy as CEO of Xerox. On July 1, 2009, Burns became the first African American woman to head a company the size of Xerox.
When company faced with problems and significant employee cutbacks were planned, the decision was about to affect lot of individuals. Most of the employees were with Xerox Company for number of years....
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