Lexington, Ky.-based Lexmark has announced that it will slash 700 jobs about seven percent of its workforce as part of a global restructuring program.
The restructuring follows the sale of Lexmarks enterprise software business, including Perceptive, Kofax and ReadSoft to Thoma Bravo last May. Hyland Software, a subsidiary of Thoma Bravo, then bought Perceptive after the Lexmark deal was complete.
Lexmark CMO Jerry Grasso told the Lexington Herald Leader the restructuring will align company talent with our strategy to ensure future success.
There is no indication yet as to where the jobs will be cut. Lexmark officials did not immediately return CMSWire’s email request for commentary.
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