Do we even have one? The only thing I see this management doing is laying more people off. That's it. I understand that cuts costs, but everybody knows it's not a long-term solution. You can only cut so many people before there's nobody left to cut. What then? Lock up and say goodbye? I don't understand how they can get away with doing absolutely nothing to make sure Xerox has a future.
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Turn to the left, no go right , no go straight ahead….aw forget it ..
The only turn around strategy that xerox has is building a roundabout in the parking lot area. ⭕️
With government funded money of course. That’s what compliance will get you.
The only strategy has been to consistently sc--w over the employee
by cutbacks,layoffs and outsourcing .
Here is your Q4 strategy:
Forget to bill a few thousand contracts at the end of November and December.
Forget to make a few hundred collection calls in November and December.
Sit back and wait for the Q4 Earnings call, should be entertaining listening to Johnny Vas---ne lying to explain the further erosion of post sale revenues and the missed Free Cash Flow projection!!
Like I said I gave kids xerox stock on Halloween, as it’s much cheaper than candy. This place is nothing but bad wallpaper with a design that no one wants. They are gonna sell this burned out business to some schmuck group that somehow thinks they are gonna make a “Go” of it. Good luck pal. Class has started “ How to destroy the company, and still get out with a golden parachute 🪂 “ The management here should all be locked up for what they did to this company and it’s people.
Throw away the key 🔑
They are cutting, cutting, and more cutting to stay afloat until they're able to sell the company. The business is dying, and Covid just accelerated it. Renewals and installs are dropping fast, and there's not enough time to get these other services businesses up and running, and profitable, before the checking account is empty. Nothing John V has said they are doing is enough to sustain the entire company. They're all minor parts in the total picture.
Everything points to keeping things going long enough to pay some dividends to Icahn before selling everything in a yard sale.