Xerox to cut 3,000 jobs

The Xerox compant is about to cut 3,000 which is 5 percent of its workforce.

One of the largest printing business in the world reported they will be lowering their revenue forecast for the next three months.

Xerox CEO Anne Mulcahy announced the company will cut 3,000 jobs in the next two quarters.

Xerox's net income in the last quarter was about $258 million. Xerox's sales went down by 3 percent at the same time.