This is probably the most clear article I’ve read about what’s Xerox is planning to do. No rumor, no guesses.
https://www.printweek.com/print-week/news/1166861/xerox-fleshes-out-turnaround-plan
Specifically:
Two layers of management will be stripped out of the business with reduced organisation costs representing a quarter of the Project Own It savings. There was no detail on the number of roles involved.
And:
The business will also cut its supplier base and number of sites by more than half as part of the process. It currently has 555 locations, which it plans to reduce to 261, with a reduction in floorspace of 26% to 580,000sqm. In January this year it had already closed 35 locations. Some 8,000 suppliers will be reduced to 3,000.