Lexmark Out Of The Inkjet Printer Business

Printer maker Lexmark announced Tuesday it was getting out of the inkjet printer business in a restructuring that is aimed at saving money and focusing on business printing services, rather than the consumer arena. Unfortunately, that will mean over 500 layoffs in Lexington, KY. Lexmark has around 13,000 employees worldwide, of which 13% are expected to be let go as part of this strategy. Printer supplies and support for existing inkjet printer customers will continue.

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