I'd bet there will be something coming mid April. This is just my gut feeling. HR is slow, furloughs are complex to structure but I'd be they will do it. They will probably use it to purge lower performers as well. I have no insider Xerox knowledge, I am a junior manager and I am basing this just on what I am seeing in the economy and knowking how our HR/mgmt works.
Keep in mind, this is a speculation - I may be 1000% off.
I'm surprised, and happy, that so far there hasn't been any significant furloughs during all this.
At least nothing I've heard in Rochester
Hopefully there won't be. I was somewhat expecting something last week. Maybe with the HP thing dead that will now happen soon since I don't know what their next move could be.
Butler: can you provide URLs? I cannot find what you are referring to.
The Big Wig in HR doesn't care about people at all. Has no friends. Rules by scare tactics. Is it any wonder that JohnV and Icahn love her? It's a matter of time, folks. They will cut people, benefits, salaries on anyone but the C-suite.
@ @1crq+14hGxu98 Very short minded view expressed. Maybe this leadership is looking at the big picture and where Eric is to go. Hey, many current employees have never and ghat kind of leadership; so, how would you recognize it if is true
@ : @1dce+14hGxu98 Yes HCL is furloughing it’s employees; must be in contract with Xerox
The exec level taking a pay cut? Old or new, it doesn't register in the minds of these self-serving bloodsuckers, especially the i-Con class.
Sad that not even a hint of execs taking a pay cut like other respected companies are doing! No wonder we have no respect left for any management! If I had a dollar for every time I am told” we know it is not the right business decision but we have to make revenue numbers” I could retire comfortably!
I'm assuming xerox - hcl contract pays hcl regardless of current circumstances, but hcl still cutting aggressively, probably to compensate for hcl bottom line as a whole.
At hcl training India replacements- still probably not going to save my job this month. Not that any level of training will fully prepare them. We're all replaceable, just that version 2.0 of our jobs is gonna be a new, lower quality, norm. I feel sorry for our replacements and whatever customers xerox has left.
Been looking for another job for a while , would jump in a second for a offer.
Xerox understands only one thing ...cut, cut,cut....
I'm a tech down to one call a week, if that. We are currently being trained to do Docucare jobs so I expect they will be layed off soon. We will be as good at that role as they would in ours after taking a CBT.
My feeling is that anything touted as being temporary will be permanent, one way or another. The dead wood is long gone at the grunt level so any furloughs in that class would instill a layer of discord in the ranks, should anyone be asked to return and accepts. Human nature as I see it. Good luck to everyone.
I wonder what groups will get furloughed...
"What area are you in, if you can say without being specific? Are you in Rochester or one of the cores?"
Yes Rochester. Although I'm sure its planned for Cores too. Sounded like they weren't sure how to do it yet but just begin to prepare on figuring out who you need to keep.
It will be a function of how much money you make, how critical you are perceived to be, and whether your manager will sell you out to protect themselves. Some may be layed off (e.g. high pay, perceived not needed due to mgmt self-preservation ranking). Others may be furloughed (e.g. truly critical, or those who will have legit lawsuits if layed off, etc).
Would not be surprised to see salary reductions floated, as that has been announced already but the Icon mess has stalled movement there.
Imo, Xerox is the worst company. It’s just so horrible. HR is corrupt. Management are a bunch of untalented lap dogs. The corporate strategy has failed many times over. If yourself or myself gets furloughed, I’d laugh it off. Perhaps say Thank you very much. I appreciate it. It’s the best thing that could happen to me. Or just say, F off “I’ve hated you for a long time”.
"Yes furloughs on the way. I was told to prepare to cut 50 percent of my staff"
What area are you in, if you can say without being specific? Are you in Rochester or one of the cores?
Yes furloughs on the way. I was told to prepare to cut 50 percent of my staff
XRX not yet in position of bankruptcy since it can be broken up and sold in pieces - now that stream revenues are essentially going to zero, it will be interesting to see revenue results.
I expect bankruptcy protection by 2021. Too many factors against Xerox: loss of SOHO / low volume market (Fuji separation), no new products in pipeline (only variants), print market shrinking, top heavy with executive management, no leadership (trying and failing to buy the competition is not how you develop a Power House culture), and lastly, the general economy is hurting.
Change my mind.
More layoffs ..That’s about the only thing left to “take that to the bank.”
That's the other issue with all this work outsourced to HCL and other companies. There is no work coming in but we are still paying all these companies to sit and do nothing.
Not sure how the contract works with laying other companies employees off but at the same time it took over 6 months to train them so you dont want to risk laying off and then having no one that can retrain when things return to normal.
Or they lay off strategically, in mass quantities, to sweeten a sale.
I agree. Keep in mind that lay-off and furlough are different actions. Hiring and firing employees is costly and time consuming. A furlough does not involve those expenses and allows an employee to retain their benefits(medical). It also allows an employee to receive unemployment. When the furlough is lifted, you simply return to work.
The reality we live in, the possibility of furloughs is not one set by Xerox. This is affecting many different business models. I don’t see a scenario where some departments are not furloughed. It wouldn’t be prudent to have lay-off’s as Xerox doesn’t know the long term implication of this yet. Undermanned departments would hinder total profitability performance when business returns to a new normal. I wouldn’t expect Lay-offs until the pandemic is over and we have reports on what percent of revenue drop stuck. Though the risk with furlough is an employee finds work elsewhere, and when the furlough is lifted, you are scrambling to fill the spot.