In reading through many of the posts on this site; it appears the company is actively managing the decline in print. Many posts appear to be in regards to people who are involved with the multifunctional including copy/print portion of the business. What is a company to do when that portion of the business is declining; they are accountable to respond and adjust and it appear they are from the many posts on this site. It also appears that many posters in this site seem to be not knowledgeable of other Avenue of revenue for Xerox beyond multifunctional and copy/print devices. There are many and they appear to be growing. So, yes I understand why the company is taking actions in portions of the company and investing in other portions of the company.
11 replies (most recent on top)
Internal people had no idea how to run the company for decades. The new external people have even less of an idea. It is all coming to an end.
“Respect and honesty”.
Do you think the employees in Europe or Canada have experienced the same USA?
They made a rule that to get USA only retirement match 3%, you have to wait until Dec 31. Have to stay on the books until DEC 3- y
Now, “we were just kidding about 2020 401 match from Jan 1 to now! “. Heeheee)
Sickens me that the Americans are the only ones taking the brunt. EU guys get summer off, full defined pension, free health.
Speaking as an ex Xerox (uk) employee, who left, by choice, with no compensation after 25+ years; my take is that the X has always been looking to the future but never has had that future defined.
Anne saved the company and stabilized the business, Ursula tried to look to the future and failed.
The current C staff are overpaid pupputs of I cant, essentially leaches off of a dying beast, corporate scum with I cant as puppet master, very sad.
Add Covid and Xerox is likely F***ed.
Think Color Qube. Was suppose to save the company. See what that got us!!!
Guhhh, xerox had ample opp to change direction years ago and get off the toner and just could nt figure it out. Now they're paying the price and reacting. There's always been something just over that hill that will save xerox... Oh but this time it'll be different... 3D printer is going to save us all. Nope. Thanks for the "uniqueness" of your outside perspective though.
Naw not buying it. They are out of options and cannot properly pivot to any other technologies - if they could they would have by now. The leadership has recognized that the ship has sailed & Xerox is a dying cow they need to milk before it dies & the milk goes sour. Slap on some bandaid solutions, cut cut cut costs, bring in market tools (like Salesforce worldwide), slap that red lipstick on that sick cow & sell sell sell baby!
Yo outside observer, Xerox (CEO) has basically lied to Wall Street and the media regarding investments in items other than print. Insiders know that the 3D acquisition (Vader) was to give legitimacy to their claims but investment has been trivial. A product may even emerge by early 2021, but will not be the revenue loss game-changer hoped for since buyers of this technology will require more than a promise of a viable product.
Where are they investing this money outsider?
OP
They ripped apart our successful Global Imaging Systems, I will NEVER call it XBS,.....they outsourced our jobs to third world countries...nice people but F'n clueless mo–ns......they took away raises, they took away 401k match, they couldn't manage their Xerox direct business because they use like 8 different archaic systems....because that side of the business was in financial dire straights they took their most successful money maker and destroyed us....now I know some cores weren't the best because my core merged with another and omg what a mess they are, they are a complete farse of a company....In all of my years of working I have never seen such a sh–ty company with no clue on how to run a business and grow and adapt with the times...Xerox deserves to go completely bankrupt!!!!
Cool story bro.
To the poster . you are way off. I am a long time inside observer with direct knowledge of pre and post sale at Xerox going back to David Kearns as CEO. Xerox's big decline started with Rick Thoman failed CEO of IBM who became CEO of Xerox. He bought the stock to 1 dollar. They bought Anne Mulcahey with Ursula by her side to try and save the company. she succeeded and started the beginning of the end of Xerox. She started outsourcing some manufacturing of parts. Xerox really began to decline when Ursula Burns became CEO. Ursula Burns is an apt name for a CEO because the Board Fiddled while the company Burned. No one wanted to out the First Black CEO of a Fortune 500 company. There are other post on here about her ruining the Xerox. Most of the things people complain about on this board started way before Covid .It is way beyond saving money due to decline in print. How you treat employees has nothing to do with saving money. you can cut costs and still treat employees with respect and honesty