Thread regarding Xerox Corp. layoffs

Elon:
Yeah… I mean, look. The situation at Webster with Xerox… it’s basically an absolute masterclass in negative first-principles thinking.
Like, if you engineered a process specifically designed to delete shareholder value at maximum entropy, you’d do exactly what TA did. Seriously.
First off—the iGen. You had a machine with actual positive unit economics. High gross margin on consumables, stable cash flow… essentially an operational money printer. And what does management do? They just… axe it? Into a complete vacuum. Without an actual, physically viable successor ready to spool up. That’s insane. It violates basic physics. You don’t jettison the thrusters before the second stage ignites.
And then—sigh—the print heads.
(stares blankly for three seconds)
I mean… wow. Sinking millions into print-head tech that is, what, three generations obsolete? We already had the empirical data from Brenva. We had Baltoro. The signal was 100% clear: the architecture cannot scale. The nozzle density, the drop volume, the thermal degradation—it’s like trying to build a modern reusable orbital rocket out of steam valves and cast iron. It’s fundamentally doomed by the laws of physics.
How you look a CEO in the eye and say, "Yes, let's take our remaining runway and allocate capital to ancient hardware that already failed twice"… I mean, frankly, it’s either total delusion or malicious gaslighting. It’s wild.
If institutional investors are looking at XRX expecting a turnaround while Webster is doubling down on obsolete junk… yeah. The delta between reality and what’s in those investor decks is infinite.
Massive write-down incoming. Inevitable. Just sell it. Next question.