Thread regarding Xerox Corp. layoffs

What Happens if the Xerox-Lexmark Merger Gets Blocked?
https://tonernews.com/forums/topic/what-happens-if-the-xerox-lexmark-merger-gets-blocked/

Wait, didn't Xerox buy IT services companies before. X Connect and then ACS?

Fake scoop guy is at it again with another chapter...

What do we care about the IT services in the UK? The US customers care about the IT services here in the US.

Did you know that in the field service department, if a customer has a networking issue while we are servicing their copier, we have no way to contact the IT department?
We just open another service request with the dispatch department and they open a networking support ticket. We walk out, leaving the customer completely without networking services most of the time with absolutely no idea when they will be resolved.
Sure, we complain, we try to get answers, stick up for the customer. No one has the answers!

IT powerhouse! What a joke. How can you claim you are reinventing the IT services industry when trying to reach them on behalf of a customer is the equivalent of sending up a flare and hoping someone sees it?

“ Xerox own IT staff aren't even Xerox any more, so how can it be an IT powerhouse?” What’s that got to do with it? Come to the UK and see the IT services for clients, world beating as Xerox haven’t got the claws in yet!

Honestly you people are deluded, dont assume where people work. Whatever product or offering there is, whatever is acquired, it will be poisoned like everything else Xerox have touched in the last 15 years. The Xerox name is so far In the dirt it prevents getting business in the door. It doesn't matter how good a product you have, if your reputation proceeds you.

Closing your eyes won't stop you hitting the wall, it just stops you being able to cushion the inevitable impact.

“ Xerox own IT staff aren't even Xerox any more, so how can it be an IT powerhouse?” What’s that got to do with it? Come to the UK and see the IT services for clients, world beating as Xerox haven’t got the claws in yet!

New CFO is an empty suit so don’t expect much help from her. I can’t see her making it through an earnings call without help.

Xerox own IT staff aren't even Xerox any more, so how can it be an IT powerhouse?

Xerox is not "reinventing" itself into an IT powerhouse.
It is in the UK… need to follow the lead

Don't waste your time. Fake scoop guy would rather spend his time writing whiny novels on the layoff site 🤣

Get a life (and a real job)

Then simply leave and you never have to worry about xerox again. Problem solved. They will be in your rearview mirror and you’ll sleep soundly at night and you won’t have to waste your time reviewing numbers like a nerd. If you waste your time masturb@ting over financials, that means you don’t have enough work to do during the day. I’m hoping Xerox gives you the ax next.

Ah yes, the classic 'you must be replying to yourself' conspiracy theory.

I get it, facing reality is hard for poor minded people. Accepting that 'Reinvention' is just a fancy name for 'creative accounting and cost-cutting' is uncomfortable.

Tell you what: if you @b5+1jkzpsg2z · @aw+1jkzpsg2z · @as+1jkzpsg2z and other distinguished members of the Reality Denial Fan Club actually took five minutes to read the SEC filings (assuming, of course, that any of you can comprehend financial statements, which is a tall order) maybe, just maybe, we wouldn’t be in this mess.

But no, instead of processing cold, hard financial reality, you cling to fairy tales and conspiracy theories like 'he must be replying to himself!'.

The SEC filings are not a novel. They don’t require interpretation. They require literacy. And yet, here we are: wasting time debating who is saying it rather than facing what is actually happening.

Enjoy your blissful ignorance while it lasts; just don’t act surprised when reality comes knocking. Because spoiler alert: reality denial won’t stop the layoffs, the debt, or the collapse.

P.S. – Yes, I’m obviously a Xerox employee. Because if I wasn’t, I wouldn’t waste a single second of my life writing this post for ignorant people like you. I’d be somewhere else, not giving a single f-ck, a handful of f-cks, or even a fully packed, industrial-sized bag full of f-cks about a sinking company and the clueless passengers refusing to see the water rising.

Please stop posting financial truths! You’re making the 100 More Years / Kool-aid Kids super angry.

It's probably fake scoop guy 👎

Replying to your own post, pretending to be someone else, reveals a lot about you.

Why do you keep saying “our” as if you work here? You don’t . And it’s easy to spot that the replies to your post are from you responding to yourself. Stop trying to pass them off as interested parties.

Add in the losses of over $4.5B in stock buybacks since 2012, $6.2B acquisition of ACS that spun out as Conduent that now has a market cap of $667M. They gave away or sold off all of the incubators for any new ideas (inventions), and unfortunately there is no funding or source for re-inventing anything, only reorganizing.

Also, what happens if the Lexmark merger gets blocked?

1. It needs US regulatory approval, but it also needs Chinese approval. We're in a trade war, so maybe it gets blocked. Chinese regulators might not want to allow the sale of a Chinese company that could end up getting gutted in a US Bankruptcy court in the next year or two.

2. What if the price gets down to ~$4 quickly before the merger? That would put the cap at only 500 million. Who would lend 1.5Bn to a company already losing money and worth only a third of the money they want to borrow.

The merger is a long way away....

You are correct, the numbers don’t lie. Our revenue-to-debt ratio shrinking to 2.4x is concerning, and the cost-to-revenue ratio of 87% is unsustainable. Losing 18.5% on every dollar earned—especially in comparison to healthy companies like Apple and Microsoft—tells you all you need to know. As you said, it’s clear that Xerox is not profitable, and the C-suite continues to get richer with their high salaries and bonuses while the rest of us are left in the dark. They’re the only ones seemingly benefiting from this mess.

As for me, I’m taking your advice to heart. I’m in the process of selling my Xerox stock and cleaning up my resume. I’m also hoping that having Xerox on my CV doesn’t hurt my chances of finding something else. It’s not easy, but I’m preparing for what’s coming in 2025, because I have no doubt that layoffs will continue to accelerate.

It’s frustrating to watch the leadership ignore the facts while the company continues its downward spiral. Feels like Nero fiddling while the rest of us are left to clean up the mess.