Thread regarding Xerox Corp. layoffs

Keep in the back of your head that Johnny made $20M in 2020.

So when management starts pushing the extra work and stress onto you, just remember who thought it was a good idea to furlough, layoff, and runaway your colleagues.

You're being spent to the max for their benefit. Well I'm done. It's time for upper management to feel the hurt, too.

Take your time and enjoy your day. What's the worst they can do? Fire you?

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| 2251 views | | 12 replies (last January 27, 2022) | Reply
Post ID: @OP+1eZJN7nx

12 replies (most recent on top)

JV must have learned the Flim Flam from Ursula Burns..

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Post ID: @1ktn+1eZJN7nx

JV is a piece of ****

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Post ID: @1bmk+1eZJN7nx

Keep in mind that revenue decline was measured from already declined prior quarter. I hope JV is ok, he is not looking too good.

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Post ID: @ccw+1eZJN7nx

I agree with a previous poster, I was thinking our CEO was looking pretty yellow . . . not good. He had been quiet over the past 6 months, so I'm going to predict on or before May 2022, he is done with Xerox, will collect some sort of benefit package and we'll be paying him and his family for the next 100 years; just like this beaut of a deal Xerox made: "Thoman to receive $800,000 a year throughout his life; his wife will continue to receive his annual pension should he pass away before she does. Should Thoman live to be 100, the cost to the company could reach $35.2 million".

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Post ID: @vzd+1eZJN7nx

If you got a look at him on today’s call he looked very frail and weak obviously seriously ill and no one is mentioning it. No matter how much he makes you can’t outrun life.

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Post ID: @czz+1eZJN7nx

Corporate America. They are all this way, Xerox is no different. It sucks but the system works against us everywhere.

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Post ID: @zgf+1eZJN7nx

Is this worth 20 million? The company’s shares have declined 11.2% over the past year compared with 2.2% decline of the industry it belongs to.

Sales revenues totaled $653 million, down 15.5% year over year. Services, maintenance and rentals revenues totaled $1.07 billion, down 2.9% year over year. Financing revenue of $55 million decreased 1.8% year over year.
Adjusted operating profit of $86 million decreased 53.3% year over year. Adjusted operating margin declined 470 basis points (bps) year over year to 4.8%. Selling, administrative and general expenses, as a percentage of revenues, decreased 100 bps year over year to 23.8%. Research, development and engineering expenses, as a percentage of revenues, came in at 4.2%, up from the year-ago quarter’s 3.9%.
Asking for a friend.

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Post ID: @jrr+1eZJN7nx

I'll keep in back of my head that you stinking fools created Nuvera and Free Flow.

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Post ID: @jhc+1eZJN7nx

He gets paid what he gets paid because that is just corporate America. That is the going rate. This is no non-profit. Do the research and let me know how much CEOs in publicly traded companies with our annual revenues make. What...you want him to earn 100K so you feel better about yourself? M*rons on here.

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Post ID: @tfn+1eZJN7nx

Post ID: @iuo+1eZJN7nx Johnny is highly compensated because he does Carl’s bidding. JMHO

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Post ID: @wym+1eZJN7nx

Look pal I have to eat too!

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Post ID: @tyx+1eZJN7nx

Oh wow, you mean Xerox is the only publicly traded company that has a CEO who is paid millions? Well now for sure i'm going to picket! Thanks for providing me this amazing knowledge. Haha tool.

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Post ID: @iuo+1eZJN7nx

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