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Lexmark to lay off 1,000 employees as a part of restructuring

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Published: Jul. 18, 2018 at 10:57 AM EDT
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Lexmark has announced a worldwide restructuring program which will result in hundreds of layoffs.

The Lexington company says it will eliminate approximately 1,000 positions as a result of the plan.

The company made the announcement Thursday, and it did not release information on how the layoffs would impact Lexington's workforce.

A company spokesperson says the plan is necessary to ensure Lexmark's future success.