Lexmark announced that it will work “to align company talent with our strategy to ensure future success.”
The Lexington Herald-Leader reported that Lexmark’s restructuring program is a Global exercise and will see 700 of the 10,000 strong workforce be laid off over the next year.
Talking to the Lexington Herald-Leader, Lexmark’s Jerry Grasso said the action will work “to align company talent with our strategy to ensure future success. We are not talking about any country or location specifically.”
Lexmark has operations in 170 countries and is headquartered in Lexington, Kentucky in the USA.