Lexmark says it's planning to lay off about 1,000 employees — about one-ninth of its global workforce — over the next year in the latest restructuring of the printer company.
The Kentucky-based company said Wednesday the restructuring is needed to align its workforce with its strategy to ensure the company's future success.
Tt's the latest downsizing of Lexmark's workforce. Last year, it announced layoffs of about 700 employees.
Lexmark said Wednesday it would not provide any "location-specific numbers" on where the latest job cuts will occur. The company says it currently has about 9,000 employees globally.
The company was acquired by a consortium of investors in late 2016.