“Difficult decisions need to be made.” That’s what Lexmark’s executive vice president Marty Canning said about the company’s recent layoff of 550 workers in Lexington, KY, we learn in “Lexmark in Midst of Major Change” from the Lexington Herald-Leader. Under pressure from a shifting industry, the company has chosen to shift with it.
Based in Lexington, Lexmark began as a spinoff of IBM in 1991, offering a series of dot-matrix printers. Remember those? The company moved on to laser and inkjet printers, and expanded its Lexington operations as the sale of inkjet cartridges soared. Since then, of course, laser printers have outpaced their inkjet cousins, and demand for those cartridges plummeted. Lexmark has now made the tough call to abandon the inkjet business altogether.
Choosen excerpts by Job Market Monitor from
via Lexmark Layoffs the Result of Shifting Technologies : Stephen E. Arnold @ Beyond Search.
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