Assuming xerox makes it post vaccine and print volumes return to 65% of pre-covid... not withstanding JV's coming soon innovations, how much longer can xerox survive?
https://twitter.com/Xerox/status/1288847051401330688?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
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Someone mentions Nathanson. I will add McKinsey as a more legitimate operation, rather than another Steve B kickback flow through scheme (Wipro included). These companies exist to pare organizations down. Unfortunately, no diligence was done by Mr. I’s team to know that XRX was already bare bones. This cutting added to the growing downward spiral now underway.
Threat Level Midnight
@6fjf - well we know it won’t be to announce JV is taking zero salary to help the hard working employees of the “Tech powerhouse”. More than likely it will be even more cuts because the C Levels need more money. New high end cars and room additions ain’t gonna pay for themselves.
Town hall Thursday..
Existing customers left due to substandard service response by 3rd Party outsourcer PRIOR to COVID-19.
Due to the HP debacle and uncertain future of Xerox customers were rightly concerned about renewing contracts with a company whose main focus was Shareholder return vs Customer satisfaction. Same issues were a detractor to NEW customers, all PRIOR to COVID-19.
Unless Xerox replaces all Icky chosen BOD members, Chairman, Chiefs, Presidents, etc brought in by Icky, JV and Nathxx; Xerox is on a rapid downward spiral to oblivion without COVID-19 factors.
Fat Lady is warming up!
After the HP debacle failed miserably there's nothing else left to save the company. True, the HP merger or buyout wasn't going to save either company, it would just delay the inevitable.
But now X is on a fast track to being broken up or file bankruptcy. Covid is just accelerating the final implosion. Print volumes are still down 40 to 60% depending on market segment and geography. The company was in dire shape before Covid hit – now I would call it a death spiral. My guess is that senior executives will start leaving late this year before the final flush occurs.
Its over.
It will most likely be sold off in pieces long before that happens. I cannot see how it cannot be dismantled and sold off at this point.
Rev decline = cash decline + impending debt payments = uh oh.