Reply to "Global buysCOMDOC...yes you heard correct!"

Friday, January 30, 2009

A Xerox Company Agrees to Buy Comdoc

Whoa! I had the call at 8:00am this morning and I was flabbergasted. My first thoughts was of this release; Xerox has become the latest technology heavyweight to issue a major round of layoffs.The company revealed on Thursday that the sagging economy has forced a reorganisation plan which could see some 3,000 jobs eliminated. Such a cut would remove five per cent of Xerox's total workforce.

Global Imaging Systems, Inc. is owned by Xerox, Global has agreed to buy Comdoc.

For the sake of almost 3,000 people who lost their jobs, was this a good move by a Xerox owned company? Heck in Rochester the other day, Xerox laid off 40% go here for rest of blog
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