I’ve seen lots of posts regarding July 1st layoffs particularly effecting XBS. Does anybody have anymore information on who is being affected???
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With regards to the Warn Notice, New York State, a company doesn't need to report if under 50 employees are laid off. Xerox only has to report if over that amount with each round of lay offs. This is a way they can remain under the radar.
I asked my core President yesterday about layoffs, changes off shoring jobs. She is either in denial or knows and doesn't want panic. She's all about sales, ignores covid everything else doesn't matter. Kind of rooting for a July Xerox slap in her face,
There will be more furloughs and layoffs. They will never going to happen at the scale discussed here. They often will not happen on the dates discussed here. Good information dried up a year ago. If this site was still correct, Xerox would have laid off everyone multiple times and left just JohnV to himself to finally become Darth Vader and form the evil galactic empire.
Cmon guys, get real: things aren’t great and COVID didn’t help, we don’t need your grim fantasy on top of it. It feels like some of the posters here are almost hoping for some major action so they can prove they were “right” about xerox/johnv. Is it really a catharsis to see tons of people laid off? Are we here to figuratively rubberneck a car crash?
Apologies to those teams and folks hit hard by furloughs and layoffs and there’s more to come. I hope you don’t read every word on here and either move on to another company, or put your nose down and work until you can’t - whichever you need to do for your situation.
Lots of noise about the history of the state of affairs and whatnot. You all know revenue was down for many years & with COVID that has just escalated. The expectations are lay-offs and furloughs since u cannot grow a company that’s shrinking - you know what to expect so what will you do about it?
Clearly why furloughs will continue to makeup for loss revenue. Xerox has to continue cuts, furloughs over next several months. Tools as IWS will contribute to personnel cuts, goodbye call centers and supply teams. If they cut anymore technicians the customers will start leaving. It's a sh!t show.
He did. UB took XRX from north of $20b down to almost $10b. If management wasn’t so weak at that time, Icahn could have never gained control. UB did it in...
John V did not inherit a mess. Xerox was a company with declining revenues but that runway could have gone on for many years. Disrupting that course was the worst thing that could have been done: ie cutting ties with FX. He came in and right away turned that relationship toxic.
Which one of you id–ts can explain why the formation of a holding company is so devious? You are having a nonsensical conversation among yourselves. Moving employees to HCL is not breaking XRX into multiple legal entities as stated. The company is struggling, John V inherited a mess, cutting costs is required under the current revenue scenario. There is no grand scheme against employees, the company simply cannot afford as many as they have. The cuts will continue as long as revenue is on a downward path.
Yes, big employee cuts are coming. Xerox just completed a survey that shows 82% of employees around the globe will return to offices in the next 12 to 18 months. This means a significant cut in revenue for Xerox in the near and long term future. Not to mention this creates a much more competitive environment for office equipment/solutions business globally as competitors will fight to the death for each deal and ounce of revenue. I would expect at least a 20% reduction in Xerox employees over the next 2 months. It’s the only logical reaction Xerox can make to survive at this point.
Dude, while I don’t follow all of what was said, it’s all public information.
Holding company news - https://www.reuters.com/article/us-xerox-restructuring/xerox-restructures-business-to-create-holding-company-idUSKCN1QO1FH.
As for the Warn Notice, New York State has a website that lists all of the Warn notices filed over the last few years - https://labor.ny.gov/app/warn/. I checked, did not see a single Xerox notice since the start of 2018. So how can the company be laying off so many of our colleagues without filing these notices?
To the "dude you are making this up" person below, most office employees were moved to HCL, another entity. Xerox filed for a holding company also, so another was formed. This is all known.
Dude, you are making this up. None of this is accurate. Does it make you feel smart to use big words you don't understand? Drivel. No employees were moved between entities, not other entities were formed, excluding the new parent, for any reason untoward. Where do you get this c-ap?
"And that strategy is supported by the Xerox’s corporate reorganization into a holding company, which took place in the middle of 2019. By breaking the company up into hundreds of smaller legal entities, it makes it easier to move cash and costs around, sell-off or outsource business groups, and to terminate employees by small groups through each individual entity and thus avoid WARN notices, which are followed by investors, governments, etc. "
Interesting data. Where did u collect this from?
So sounds like xerox quietly sells off the labour to HCL who in turn lays off the employees and replaces them with offshore folks. XRX looks like the good guy and no alarm bells are sounded. Real moral & upstanding company you people work for!
Be patient, I know it s—s. I retired with a good package from HP a few months back but prepared for the worse. It worked out for me, but may not for you. Take the company for what you can. I worked my plan for 5 years until I got out, I hope everyone in the corporate black holes in America can do the same.. Good Luck!
Call center
And that strategy is supported by the Xerox’s corporate reorganization into a holding company, which took place in the middle of 2019. By breaking the company up into hundreds of smaller legal entities, it makes it easier to move cash and costs around, sell-off or outsource business groups, and to terminate employees by small groups through each individual entity and thus avoid WARN notices, which are followed by investors, governments, etc. The WARN Act requires employees how provide 60-day advance notice in the case of a large layoff, defined as more than 100 employees, in most situations. Looking at the NY State website, Xerox has filed 0 WARN Notices since start of 2018. How many employees have been let go in Webster alone? Xerox filed 3 WARN Notices in 2017 and 1 in 2016.
As a FYI, during the same time period of 2018 through 2020 Q2, HCL using is 800 Philipps Rd in Webster NY as their business address, has filed unique 9 WARN notices – 1) 11/19/2019 11 employees, 2) 12/10/2019 16 employees, 3) 1/7/2020 37 employees, 4) 1/21/2020 19 employees, 5) 3/19/2020 16 employees.
Or when your gas card for your company vehicle comes back invalid.....and your below empty!!
When the self paid work computer return shipping boxes arrive at our doorsteps, eh?
You people don’t understand how budgeting works. They need a budget to pay for your lay-off. Don’t worry, your time will come soon., keep on waiting’!
@ytq+15usqrC3 I completely agree! Nothing like living day by day at the work place. We joke that we've made it another week. Yes I could go somewhere else... blah blah blah. I've worked here for a long time and like the people I work with. I've also made changes in my career for the better here and want to see them through. I'm in this ship with my team for as long as I can hang on for. I'm not blind to the bigger picture and do have an updated resume but for now, I am still able to pay the bills and take care of the home life in this crazy pandemic and I appreciate that.
It seems Xerox's approach is to nickle and dime the layoffs. A few here, a few there. Nothing that pings the radar of the others so as not to cause concern. And even if you work for Xerox/XBS, you rarely hear of it unless you're on here, or know the person affected. I don't expect Xerox will ever do mass layoffs... they'll just keep chipping away until there's not much left to this company. Then, if the stock price ever gets back up, Carl Icahn will sell and we'll be left with a steaming pile of sh–zu.
I'm surprised that they didn't do more when other companies were cutting 2-3 months ago, using covid as a smokescreen.
July 1st doesn't make sense. I would expect they would want people gone before the start of a new quarter and off the books. So end of June maybe, but not the first of the 3rd quarter.