The announcement of a workforce reduction is typically seen as a cost-cutting measure, which can be a double-edged sword for stock prices. On one hand, it may improve the company's financials in the long term by reducing expenses. On the other hand, it often results in an immediate negative reaction in the stock market due to concerns about the company's performance and future growth prospects. In the short term, this news is likely to negatively impact investor sentiment and the stock price of Xerox.