We'll see what happens here but it does not look good for folks at Lexmark:
Lexmark says it's planning to lay off 700 of its 10,000 worldwide employees over the next year as part of a restructuring of the printer company.
The Lexington Herald-Leader reports that Lexmark executive Jerry Grasso says the action will work "to align company talent with our strategy to ensure future success."
He says the layoffs are not targeting any specific location.
Grasso says about 2,300 people for Lexmark in Lexington, Kentucky, the same number as last year.