They have been laying off people for the last 10 years. Email and personal computers have really cut down the need for xerox copies.
Received an email today which I did have to photocopy and noticed in green print they asked us to do the “green thing” and find some means for reproduction other than copying!
Xerox is much more than copies (and printers). Xerox runs most of the automated toll road operations up and down the east coast, and some on the west coast and elsewhere.