"Xerox said it burned through roughly $83,000 in cash every day it pursued a takeover of HP Inc., according to a U.S. Securities and Exchange Commission filing Friday. "
https://www.crn.com/news/channel-programs/xerox-lines-up-more-financing-reveals-it-spent-5-million-chasing-hp-in-2019
Glad all these layoffs went to something useful.