Diebold Nixdorf

Headquarters building, Diebold Nixdorf

Northeast Ohio-based banking technology company Diebold Nixdorf will be cutting some jobs across its worldwide work force.  But its new CEO says that may not mean an overall reduction in the company’s employee headcount. 

Gerrard Schmid took over at financially ailing Diebold Nixdorf in February. He says a key factor in getting back on track is maximizing efficiency in serving customers.  

Diebold Nixdorf HQ

Diebold, now Diebold Nixdorf, has been a major name in Northeast Ohio business for a century and a half.  But the company is reeling from recent financial problems and is trying to find a way to keep going. 

Diebold Nixdorf saw its stock fall 40 percent in two days this month after announcing a second straight quarter of big, unexpected losses. Business media speculated that the ATM and Software Company was looking for a buyer.

Diebold HQ
Tim Rudell / WKSU

Diebold/Nixdorf’s CEO resigned Wednesday.  The moves comes as the company is  expecting a loss of up to $140 million this year.

In a prepared statement, the Diebold/Nixdorf board  credited CEO Andy Mattes with transforming the company’s strategy.  It complimented him on the merger he engineered with former competitor Windcor/Nixdorf to create the world’s largest ATM company.

But, it asked for his resignation.