Xerox CEO passes away at 59, Supreme Court justice Breyer to step down, Pokémon Go maker cuts staff

Notable business headlines include Xerox CEO John Visentin passing away at 59 years old, Supreme Court Justice Stephen Breyer to step down as Judge Ketanji Borwn Jackson is sworn in, and Pokémon Go maker Niantic cancels its upcoming projects as the company cuts off 8% of its staff.

Video Transcript

JULIE HYMAN: And some other headlines we're watching at this hour, the CEO of Xerox, Giovanni John Visentin, has died at age 59 due to complications from an ongoing illness, according to the company. Visentin joined Xerox in May 2018. He guided the company through the pandemic after being nominated for the role by activist investor Carl Icahn. Visentin led Xerox's bid in late 2019 to buy rival HP, which, at the time, was more than three times its size. Xerox COO Steve Bandrowczak will serve as interim CEO.

Supreme Court Justice Stephen Breyer will officially step down from his role at noon today after serving for 28 years. Federal Circuit Judge Ketanji Brown Jackson will take the oath to become the 116th member of the Supreme Court. And she will become the nation's first Black female justice. Breyer was nominated back in 1994 by President Bill Clinton. He told President Biden back in January that he intended to retire. And his decision comes on the heels of the court's controversial decision to overturn Roe v. Wade.

Gaming company Niantic, Niantic, maker of "Pokémon Go" has canceled four of its projects. And it's going to cut about 85 to 90 jobs. That's according to a Bloomberg report. Niantic CEO John Hanke reportedly informed the company via email of the 8% staff cuts as the company faces a, quote, "time of economic turmoil." He said it must continue reducing costs in various areas. Niantic has existed since 2010. It gained fame when it partnered with the Pokémon company for "Pokémon Go," which has been a consistent revenue driver for the company since 2016.