Thread regarding Xerox Corp. layoffs

@1a5 - Agreed, the debt is a major concern moving forward so Xerox would need a brilliant finance person to lead and manage the capital structure. This is why cost cutting actions are imperative (do it fast with absolute discipline) - things are are real cash savings (labor, facility, inventory, operational expenses). Without Lexmark, Xerox has zero ability to produce new products in A4 and A3 spaces. It also looks like that Xerox has engaged Kyocera for the production space. Xerox cannot survive with Fuji-based products as Fuji will continue to squeeze Xerox with its margin requirement plus it will be a challenge if and when Fuji starts to sell in Europe and North America directly. So the acquisition of Lexmark and the assumed debt is like the "lesser of the two evils and pick your poison" kind of things. One would lead to certain death and one would give you a fighting chance.

@184 agreement with a lot of what you posted. Gotta question the part about Lexmark leadership considering the very significant debt the company was in and Xerox inherited with acquisition. Easy to look good when you’re overspending. Not so easy to dig out of the debt.

@aq who you talking about?!?

Blah blah blah

With the completion of Lexmark acquisition, Xerox is moving forward with the integration of Lexmark and IT savvy. With Lexmark leading the print business with RD&E, Sales/Service, Manufacturing, and Supply Chain, redundancy needs to be eliminated at all levels. There is no further need for the COO position as the Chief Product and Delivery Officer (from Lexmark) will be responsible for most of the new products and revenue. The current CFO position will no longer be needed as it seems that major revenue and finance activities will be from Lexmark side. The Chief Growth and Disruption Office role seems out of place as the growth by acquisition strategy is now underway. I would imagine there are already assessment activities to determine how much of the Xerox print business resources to keep - one could guess the fundamental question being asked - is the Xerox activity part of the future? If NO, get rid of it and do it fast. If MAY BE, what investment is needed to convert/modify and how much resistance from the legacy Xerox side (historically is notorious) is anticipated. Bottom line, with the $200 million + of synergy saving already communicated to investors, one would expect there will be many people left without a chair when the music stops. I am hoping for Xerox's success. Lexmark's leadership seems technically and operationally competent in the industry. On the other hand, one could guess that there is not much left of Xerox print business. Good luck with the APAC (Asia Pacific Market) - this is where Lexmark may make the difference. The sense of urgency is incredible as the equity price is now in "penny stock" territory and continues to go down.

@j9 who?

"Ummm translation, CEO of a Private Equity firm who will buy Xerox and take off the stock exchange to rebrand?"

No way. Ichan already got burned trying that.

CEO of an undisclosed company? Ummm translation, CEO of a Private Equity firm who will buy Xerox and take off the stock exchange to rebrand?

@j9 they are well known for those things so you probably do.

@pv they could be baldy and bearded. Who knows under all the fake cover up. But no, not the same person.

@aq do you mean the baldy bearded one ?

Love live the buzzword king

@aq I know exactly which egotistical bi-polar micromanaging VP you are referring to!

@f3 you are spot on. None of the current executives have earned any form of bonus compensation. Is the company healthier(financially) YOY… NO. So all executive compensation should reflect this decline. As a previous poster observed: Q2 free cash flow was a joke in Q2reporting. Heck even medium startup would command more for financial reasons. Something is not adding up…hence current stock price.

well, have to hand it to him, he received enormous bonuses at a time when the company was by any standard doing poorly, not meeting performance targets, missing expectations, stock price tanking, and many questionable decisions were made. You have to wonder about the accolades for his performance pouring in from the C suite when the results were so bad, this is corporate "everyone gets a trophy" at its best.

Another example of rats leaving the ship .
They taken the cheese while the ship slowly sinks

Maybe Kodak will buy us out ? They can do us like Danka, all our problems will be solved. 🙄

You people amaze me. Quit analyzing what the corporate moves are, and get out of there already. What does it take to get you guys to understand and pay attention? Being scared of your shadow and afraid to move, never works out good in the long run. You either die as a hero, or get branded as a coward.
Xerox is not coming to your rescue regardless of the outcome.

He left the company to spend more time with his money.

He was good at word salad of corporate buzz words arguably the best at that but very difficult to know what he was saying. Politics better fit.

A lawyer as his successor. Interesting.....likely will need them to execute on their education.

Never thought they were that bad. There are "VP's" that are much worse. Especially one narc, bi polar, micromanaging, egotistical maniac. Perfect definition of power abuse including manic episodes. Just terrible the likes of that thrives while good people walk out. Disgusting "eh".

Someone got off their heels and up on their toes. Or was it the other way around?

Wonder if competitors will no longer fear us and Clients no longer respect us?

Has the executive from Lexmark taking his place been named yet?

His reputation is completely intact. He is an enormous POS and will be remembered as such. Just like SB.

What reputation? He's a piece of sh!t just like the rest of them who give us nothing but buzzwords while damaging our lives behind the scenes. Fck that guy.