Will Crockett

Xerox Corp. announced it has begun notifying employees of its previously announced workforce reduction, as outlined in its “Revinvention” plan. The Rochester Democrat and Chronicle estimates a 15% staff reduction among its 23,000 global workforce. As shared last month, Xerox is implementing a new operating model and streamlining our organizational structure to align with the evolving needs of our clients and the modern workplace landscape.

AI/AR imaging software companies Perfect Corp. announced its unaudited financial results for the three months ended Dec. 31, 2023 and the full year ended Dec. 31, 2023. Total revenues were $14.1 million for the three months ended Dec. 31, 2023, compared to $11.1 million in the same period of 2022, an increase of 27.6%. Full year revenue was $53.5 million in 2023, compared to $47.3 million in 2022, an increase of 13.1%.

AI-based imaging company Lightricks – which publishes the popular photo and video editing apps Facetune, Photoleap, and Videoleap – announced today the upcoming launch of LTX Studio, a generative AI-driven editing platform for video production and filmmaking. The public is invited to join the waitlist to access and be among the first to experience following the March 27 launch event.