How is it going with sales and earnings. The consolidation of service to outsourcing jobs to third world countries now shut down.
How much has the senior leadership team be paid for making two decisions. Global and Fuji.
Cit put a sell on the stock to 13. 3.33 a share going back to pre split
Dear GIS,
Your beloved former management sold you out. They made an agreement with Xerox to sell your cores, your jobs and your future to Xerox. Once the deal was finalized you became Xerox employees. From that day forward you, just like all the other Xerox employees, have been at the mercy of whichever c-suite team happened to be in power at the time. Sadly, for ALL Xerox employees, a well known corporate raider with a reputation for destroying companies to enrich himself successfully staged a hostile takeover. Former management was replaced with his cronies and costs (aka jobs) were cut.
If there is any us vs them it should be ALL Xerox employees vs. Icahn & Co. Instead, you have chosen to make this about GIS vs. non-GIS Xerox employees. You are blaming anyone who doesn’t or didn’t work in a core for your current situation. But, you are failing to realize that all Xerox employees are suffering the same fate. Is it any surprise that when you blame your fellow victims, you get a rather angry and unsympathetic response.
Did you ever stop to think there was a reason WHY Xerox sought out to buy GIS? Xerox was dead in the water on their own and couldn't pour piss out of a boot. They saw GIS as a successful, thriving company, and thought they could model their own practices after GIS. So, GIS said sure, we'll take the Mother X brand recognition, and in turn, we will share our practices. Unfortunately, Xerox was a lil slow on the uptake to run alongside. Little did GIS know that selling would bite them in the a$$ years later.
I am a long time Xerox employee, and am also sick of all the GIS whiners. Get over it. If you think GIS was saving the company, look at Xerox revenues for the past decade. Maybe you were bailing water just as fast as anyone else, but your efforts weren't near enough to stop the ship from sinking. So enough of the "we were better than the rest of Xerox, until they destroyed us". Your company got bought out. Management of the new company changed several times. New management changed everything in the company, and for some unimaginable reason, failed to leave your pristine little corner untouched. What a shock, when you were clearly such a special part of the organization. Give me (and the rest of us) a break.
"But if the last year of posts from certain GIS/XBS folks is a barometer, your attitudes and culture sure painted the bullseye on your backs. There must have been managers just begging to get the call to cut some of the squeaky wheels."
Core employee here. Our culture was FANTASTIC until Xerox stepped in. How do you expect people to feel when long-standing employees are replaced with cheap labor overseas? Our benefits went to ship, pay freezes, hire freezes, 401K cuts.... none of us every complained about these things UNTIL Xerox got its grubby paws on our core. It all started with Icahn. Xerox and Icahn turns former colleagues against each other (and it's still happening). Our culture changed AFTER JohnV and Icahn took over... you of course can't see that because we weren't on this forum before that time. We lost so many good employees. And we're still in freefall.
the numbers as reported by global cfo prior to Johnny and Mikey were GIS 2B sales 600m earnings. Xerox provided nothing much in support to GIS except bad management and bad product
IF the GIS dealers could turn back the clock and not sell a majority would do that. There was no reason to blow up GIS other than greed and stupid business. It just created additional headaches as the revenue is now dropping faster than the cost cuts stock price 4.20.
For years, GIS was the most consistent performing, profitable branch of Xerox, until Johnnie V and crew came in and decimated everything. Pardon GIS and the cores for having some sour grapes about all of it being taken away.
I didn’t know a lot about GIS before this board. Now I know that it had some extremely toxic, closed-minded, unwilling-to-change folks in droves. This board went from relatively substantiated info about layoffs to absolute smoothbrain s*** posting the minute they made GIS into XBS. And to be fair, I’m sure it’s a vocal minority and not all of GIS.
I truly believe that upper management doesn’t have the best long term interests of our employees at heart and, equally, they have brought down far too heavy a hammer to GIS/XBS. I’m sure it’s short sighted. I’m sure they messed up good things.
But if the last year of posts from certain GIS/XBS folks is a barometer, your attitudes and culture sure painted the bullseye on your backs. There must have been managers just begging to get the call to cut some of the squeaky wheels.
We’re all in this together. Any and every team can (and probably has) seen lay offs - Yet some GIS/XBS folks seem to love to wallow in aggressive, unfunny shtposts on here like they’re the only ones affected or noticing anything. I’m sorry you got f**ed, but you aren’t the only ones - Have some camaraderie. So sorry to the rest of you GIS/XBS folks and that you had to deal with those loudmouths on top of the junk from up above.
"Old GIS seemed to think they were still a separate company and could just “run” how they wanted." - Yes, we did think this. And this is what we were promised when our Core "sold" to GIS. And for many years, we operated as a separate company and did EXCEPTIONALLY well. Always hit our goals. Had low turnover. Good morale. Then Xerox got greedy and decimated our core. We're a shell of a company who can't do much right because so many of our staff has left/been outsourced.
Xerox S UCKS. Period. They truly ruined a good thing.
Stupid GIS troll. You are a Xerox employee. Are you proud?
We can still buy products from Fuji Xerox or whatever they name themselves to past breakup.
John V tried to buy fuji Xerox according to hp. Fuji declined, then Fuji bought Xerox's share of FX.
I’m sure the Xerox employees are proud to pay Johnny Stevie Mikey and the new executives really big salaries bonus stock options to lead the company. 4.31 stock price.
What did xerox gain selling Fuji. Now no future product line. Blowing up GIS. More pressure on earnings and customer satisfaction
Ursula Jeff Johnny review the ceo compensation. Review the compensation on the executive team during those years. What did the customers or employee gain from this leadership
Stock price languishing in the teens, revenue channels dried up, sales non-existent, offshore HCL knuckleheads hosing up everything they touch - things are going GREAT for Mr Icahn. Don't worry - Johnny Douchebag will lead XRX to the promised land!!
Found the 3 Xerox employees below. Sorry guys/gals, but the facts are that the GIS company and it's cores were way more profitable that the rest of Xerox. Things were great and revenue was high. Then when Xerox took over completely and the whole HCL mess started that's when it started to tank everyone. Truth hurts.
I am with you dao+14utPedT, “go cry”. Old GIS seemed to think they were still a separate company and could just “run” how they wanted. “It is what it is”, you have been merged more into Xerox and some of that veil has been pulled back on how things were run. And no! I am not xerox Sr. Mgt, like some on here claim when someone does not whine all the time.
Whaaa!
Your obviously an ex employee. Go away. We get it, Global is gone. Go cry in a corner.