Xerox CEO: Get Me 3,000 Copies of This Pink Slip, Pronto

The worsening econalypse is inspiring worker reductions and other cost-cutting moves across the tech industry. The latest company to take a hatchet to its operating costs: Xerox, which plans to sack five percent of its workforce, or about 3,000 jobs, in an effort to cope with an “unpredictable economy.”