Is it gone, or just scaled back?
21 replies (most recent on top)
@nw so did Global aka XBS...welcome to the club. They'll run Lexmark into the ground too...just like they did with us
@md I’m seeing the same thing in my organizations integration work. There are literally 3 people in Lexmark doing what I am doing. That’s not saying Lexmark is bloated; it’s more like they have the staff to actually complete the work in a normal work week and in a quality manner. Over the last 15 years with the Eric downsizing; I have had to pickup other colleagues work. That led to a range of 60-80 hour workweeks and burnout. Welcome Lexmark colleagues to your future as the downsizing continues and the optimization of work does not keep up.
Agree Lexmark debt is maybe the albatross that sinks this ship.
@nw lexmark makes debt is all I see
@kx go play with your spanner’s in the toner box LOL
@md Lol. Xerox is the company with bloated employees. Lexmark actually makes profit unlike Xerox.
D: @kj Agree the board should not award any bonus incentive to any Xerox executive for 2025. This is the worse performance in Xerox history including when we almost went underground n 2001. Bring Anne back to fix this mess. And no Lexmark is not a benefit at this point. Lexmark is actually an albatross with all their debt. Who cares why Lexmark brought on so much debt (aka bad executive Ed ions and reluctant to reduce employees). So far I’m seeing 3 Lexmark employees per Xerox employees ( and yes that’s in Lucinda contracted Xerox employees). So Lexmark employee base is bloated.
GFY
When you make no money as a company you should cancel this cr-p. They should also remove all stock compensation from all the execs.
@az Who cares about the top performers in Service - CEO Club is a SALES incentive
Rather attend a circlej--k
@d4 that is a good question. I bet they have not.
It's a club alright, and you ain't in it. Just for the execs.
What about ITsavvy. They have a fancy CEO Club every year, did they lost theirs?
@cz Bet GoInspire haven't had any cuts....just saying
Probably the first thing the new CMO did in his new job - would be typical of the anti-sales, anti-success person that he is.
The top performers in service haven't received any sort of recognition in over 20 years.
@a8 agreed - the numbers must be worse then expected. The timing of cutting out the programs, stopping 401k matching and such is a sure sign it’s bad. Why else would they announce literally 3 days after the quarter ended. Also the worse part of the Q3 numbers has to be the goodwill write down - that is gonna make it worse probably.
The “Top” performers would be happy with a pass and half the cash equivalent. Flaming tennis ba--s on a rope, gratuitous slow motion long pour booze shots. Old guys obligatory clapping like sea lions to baldy. Keep that booze a flowing!
https://m.youtube.com/watch?v=HE-ulLbTVIo
The Q3 numbers must be terrible. IF they are willing to sc--w over the top performers, they are in a bad place.
They probably paid a non-refundable deposit. IF they could cancel it, they would.
@OP gone. with "re-evaluation" in 2026... the people awarded 2025 for their performance in 24 will still go on their trip. but nothing moving forward. its going to get worse before it gets better