#finance

Accounting, fpa, reporting&policy?

What’s happening right now is despicable. It’s also a rude wake up call … no company is safe. This whole “we care about you, V Teamer” is bullsh-t. Verizon doesn’t care about you. Perhaps you’ve given the company your blood sweat and tears for the past 15 years … guess what? You’re about to get booted out. Say adios to your steady paycheck!

YOU have to protect yourself. When you have trouble paying your rent in the coming months, do you think Dan the Hatchet Man will loan you even $.50? NO!!! he’s too busy counting his millions and laughing all the way to the bank .

In a situation like the one we’re in right now, you’ll feel a LOT better knowing that your personal finances are in order.

1. VERY IMPORTANT — establish an emergency fund to cover at least six months of your living expenses. One year would be even better. That’s how long it may take you to find a new job in this horrendous market.

2. Pay off your high interest credit cards. Credit card debt is evil.

3. Save for retirement. Contribute to your 401(k) and get the company match (at Verizon if you survive this RIF or at your future employer). I also love me a good Roth IRA! Tax free earnings, baby!

I’m going to stop there because I’m not a financial advisor. But you get the picture. There’s lots of good free information out there.

As for me personally, I am 99% sure that I’m on the chopping block. :( BUT I have a healthy emergency fund that will tide me over for a year, and that brings me comfort.

The ULTIMATE GOAL is financial independence (enough saved so that I could actually retire if I wanted to) … that way, I don’t ever have to be scared about losing my job EVER AGAIN.

I heard last year was 75%. Do they announce this somewhere? Any guesses what the rate will be this year?

Did this ever get fixed or done? His holiness lorry started decades ago. Or it is still in shambles and in five pieces

This 15000 is only the 1st round of layoffs mostly lower management.The next round in new year will be upper management levels .Its real and happening if you survive this round done get complacent.You need to start preparing getting situated financially mentally and looking for potential jobs.This does not end well for a huge majority of management levels especially once the frontier merger finalizes

I was let go by USB and now finally am settled in my new job. What is the easiest way to rollover your money from the U.S. Bank 2010 Cash Balance Plan? I have already rolled over my 401k from Fidelity but the funds from the U.S. Bank 2010 Cash Balance Plan seem more difficult to rollover.

https://www.nytimes.com/2025/11/14/business/bill-pulte-mobile-homes-fhfa.html

The debt that Dell has will not allow the company to hire new employees.

A few commonalities between the penny (1 cent) and Penny:

• The penny is 232 years old, Penny’s reign feels just as long.
• The first penny had a woman, free flowing hair, symbolizing liberty. This Penny symbolizes tyranny.
• A “penny for her thoughts” is worth the same.
• Her “two cents” isn’t worth much as it used to…inflationary talking points.
• The U.S. Mint’s fiscal year 2024 report said the one-cent coin cost 3.7 cents to produce, a 20% increase from the year before. Penny’s yearly pay increases mimics the same increase.

Remember “a penny saved is a penny earned” and a “Penny saved is a lesson learned”

I know this will be downvoted but I figured I’d post it because it may help someone.

Industries less susceptible to layoffs include healthcare, education, government, and essential services like food, utilities, and discount retail, as people need these services regardless of the economic climate. Other sectors like skilled trades and finance also tend to be more stable.

Healthcare
People need medical care during emergencies, chronic illnesses, and for regular check-ups, making it an essential service.
This includes a wide range of roles from doctors and nurses to administrative and support staff.

Education
Educational institutions, from K-12 to universities, are fundamental parts of society and need to be staffed.

Government
Federal government jobs and public safety roles like law enforcement are often more stable, as these services are always needed.

Essential Services
Food and Beverage: Consumers still need to buy food, and companies in this sector tend to perform well during downturns.

Utilities: Electricity, water, and gas are necessary services that people continue to use regardless of economic conditions.

Discount Retail: Consumers often switch to lower-cost stores during an economic slowdown.

Other Stable Industries
Skilled Trades: Essential trades like plumbing and electrical work are often in high demand because they address fundamental needs.

Finance: Roles in accounting, financial advising, and insurance are needed for tax compliance and financial risk management, even in a weak economy.

https://www.advisorhub.com/edward-jones-to-raise-1-4-billion-in-2026-partnership-offering/

Regarding Ronita, I’m hearing that Finance leadership is actually calling band 6 employees to confirm it’s true.

Who else is confirmed?

Will any Sr Directors please comment on impacts at their level or what to expect next for band 6 and down?

paraphrasing Tywin Lannister, Pulte (Joffrey) is a fool. He is cruel, but he is a fool.
We have had cruel kings, and we have had weak kings, and we have had mad kings… but I do not know if we have ever been cursed with a king who was all three.

Is Alvind purposely trying to pork up the balance sheet so much , he wants more obligations ?

I was told the company needs to be leaner and they need to bring down costs but what the he11 are these acquisitions for ?

Just good press? Bragging rights ?

Make it make sense

Received a farewell email from a band 6 employee this morning. She is with corporate finance - enterprise risk management based in Lake Mary, Florida.

Want to know what bold financial bets underpin this target? The narrative hinges on a game-changing revenue outlook and projected margin jumps over the next few years. See what specific assumptions drive the calculation and why consensus thinks a rerating might be ahead.

However, persistent losses in the Wind division and heavier exposure to volatile, large-scale projects could quickly reverse optimism around GE Vernova’s margin outlook.

Not looking Good Enough anymore is it?

Why fire individual contributors- layers of managers is what needs trimming in finance, it’s seems a a lot of one sr manager has 4 managers reporting to them who have 1-2 employees each. A lot of “management” of the few doing work -

https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3473445

I guess Wall Street didn't care for the Clown's pep rally today. This is why you pay your bills.

https://economictimes.indiatimes.com/industry/banking/finance/banking/citibank-to-boost-investment-in-india-as-firms-eye-global-expansion-viswas-raghavan/articleshow/124917840.cms

https://finance.yahoo.com/news/wall-street-pros-to-see-their-biggest-bonus-bump-since-2021--and-just-about-every-banker-will-enjoy-the-spoils-100037321.html

how does this payout work? When would we receive the settlement?

Is payday still tomorrow (Wednesday)

who else is tired of these leadership changes in finance that make no sense? extra work training the new bosses, just for them to be sent elsewhere in 6 months.

Keep seeing articles about banks and holding companies selling TI stock

Trumponomics making pensions great again.

FInance undergoing major upheaval targeting 25 % and being achieved via force rankings to avoid severance payments. How is this legal? Nevermind unethical but Dermie doesn't really care.

People are getting fed up and just leaving too. Shame on the managers that don't have a backbone and push back. Note to managers, you are next to go, Karma is a bi--h.

up from 112.2 billion to 120.4 billion in the past 3 months

https://finbox.com/NASDAQGS:MSFT/explorer/total_debt/

There was a lot of noise and fanfare about this but there still seem to be thousands of managers in Finance and a lot of spreadsheets…has anything really changed?

Anybody in Finance worried? They have automated so many reports it feels like they are preparing to RIF us.

SteveB,

You just reported Q3’25 results.

Let’s strip out the “reinvention” slogans and talk GAAP facts.

Because GAAP is the real score: it shows what a company truly earns and spends, with no special adjustments or “creative” add-backs.

Here are the questions employees and investors deserve answers to:

⸻

Q3 GAAP gross margin was 22.7%, not the ~29% “adjusted” number repeated on calls.

When will Xerox return to even 25% GAAP gross margin?

If not in 2026, what is the plan?

⸻

GAAP operating results remain NEGATIVE before interest expense in pro-forma terms.

How do you claim “positive operating momentum” when GAAP still shows operating LOSSES?

⸻

Xerox already took a ~$1B goodwill impairment in Q3’24.

Analysts expect another ~$1B in Q4’25.

After ~$2B in goodwill impairment in two years, how can you claim the strategy has created value?

⸻

Quarterly interest expense: ~$70M

Annual interest burden: ~$280M

How does Xerox service this debt load when GAAP operating income is NEGATIVE?

⸻

2025 Free Cash Flow (FCF) guidance cut to $150M, while cash generation relies heavily on receivables liquidation (~$400M).

Once receivables are gone, what funds operations?

When does Xerox produce true operating cash, not working-capital pull-forward?

⸻

Cash at Q3’25: ~$535M

Expected Q4 hit from impairment, restructuring, interest: > $1B

How many quarters of runway remain before EXTERNAL CAPITAL becomes MANDATORY?

⸻

Headline revenue +28% was entirely acquisition-driven.

Pro-forma organic revenue: -8%.

When does Xerox deliver organic growth — without buying it?

⸻

Legacy print equipment installs declined 24%; core print post-sale revenue -5%.

At what point do you acknowledge the print decline is STRUCTURAL, not “delayed demand”?

⸻

Synergies raised to >$300M, but integration costs are front-loaded and recurring.

What percent of announced synergies have actually hit GAAP results?

Not adjusted — GAAP. Give the number.

⸻

Moving SMB accounts to partners, closing direct touchpoints, offshoring operations.

Is this a transformation — or a cost-collapse to survive declining print economics?

⸻

Xerox booked a valuation allowance against deferred tax assets.

If the future is so bright, why does your own accounting tell us future taxable profits are uncertain?

⸻

1200+ roles eliminated.

Yet no GAAP earnings improvement.

How many more jobs must be cut before the financials turn? Or is cost-cutting the strategy?

⸻

Final Question:

When will Xerox return to GAAP profitability and positive GAAP operating cash flow without working-capital burn?

Provide a quarter and a number.

No slogans. No AI buzzwords. No “Reinvention” language.

Just GAAP math, dates, and accountability.

Employees, customers, and investors deserve nothing less.

https://investors.xerox.com/news-releases/news-release-details/xerox-releases-third-quarter-results-1

It's a question, not a statement.

We know they skipped the Goodwill testing and put it off until Q4. We also know they are required to do it once a year, and they absolutely have to in Q4.

If I'm reading this thing right, the Goodwill far exceeds the Total Equity. I know a lot of the one time losses will be gone on the Q4 call, but still, the EV could go to 0 or negative.

To pay me severance????

For everyone getting all bricked up about billion dollar investment announcements - just ask yourself some simple questions - where is the money? Do you see it anywhere on our books? Where is the new customer demanding any kind of capacity add?

I can tell you all day that I’m PLANNING to buy a lambo in the future - but you shouldn’t get too excited until you see it in my driveway.

It’s Q4 and it’s bleak - don’t believe the hype.

https://www.wsj.com/business/c-suite/fiserv-erases-30-billion-in-market-value-after-new-ceo-pulls-guidance-63c8ba9f?st=erghX1&reflink=desktopwebshare_permalink

The collapse of Fiserv should be a warning sign for every US citizen. The executive branch of the US Government is operating in the same way as Fiserv...even some of the same players are involved. The outcome will be the same. Find a safe haven for your assets and buckle in because this will be a wild ride!

Well, CEO decides to sell over 12,000 Xerox patents……..water next ???

https://www.businesswire.com/news/home/20251029989279/en/IPValue-Acquires-Major-Patent-Portfolio-from-Xerox

Curious if anyone knows what’s going on with finance?

LOB: CLT