We are approaching the three year anniversary of the John V-Icahn takeover. When JV took the role of CEO, there were 38,950 Xerox employees. Three years later that number has been reduced to 27,500. This means 29.4% of our colleagues and friends have either left, been terminated or been moved to HCL. How much more can they cut, and still have a functioning company? I fear they have already cut into the bone.
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The hilarious thing is in many groups, those remaining are those that BS and s— up and backstab and generally s—. Now forced to ramp up that stuff further, leave, or do actual work -something they are not used to doing. I wish I could be around to watch it.
Everyone left has been told, not asked, to take on double work or the job of 3 or 4 people! When will Management realize no one wants to work 12 hours a day! They are doing this to C level executives down to the Admins! And they keep laying off and reshuffling people around. The company is going on a rapid downhill spiral. I pray for those still there...IT'S NOT GOING TO GET BETTER...LEAVE WITH DIGNITY OR BE PREPARED TO BE WORKED TO DEATH.
Xerox now making all XBS cores finance all deals through XFS Financial only, all cores have to cut ties with all other leasing companies.....Xerox trying to build up the portfolio to try to make XFS look good so they can sell it.....what's hilarious is that all a buyer needs to do is look at the outstanding unpaid leases and aging AR
So what I want to know is, did they hire more people at XFS or will instead of it taking 1 to 2 days to fund a deal will it now take 1 to 2 weeks???
But hey at least timewise they will be right in line for how long it takes someone offshore to answer an email....it just keeps on getting better!!
I reckon I’ve taken near 30% of the customers I had at Xerox to my new competitor employer. I’ll keep on truckin!
In the 80’s Xerox employment was at or near 120,000...This will give you an idea how bad things have got and how far we have sunk as
a multinational company ..
@nrw+19GDW9h0
And go where? Those of us who remain don't exactly have transferable skills!
If you stay at Xerox you will be fired so make arrangements to leave.
The goal is a ‘lean’ company which to them means a large c suite making Buku bucks that has a few managers underneath managing 3rd parties where they can continue to downsize for a nominal fee to meet lower demands. There is no core competency. It’s all smoke and mirrors. They will sell the pieces that are worth anything and the rest will die a slow death.
The bone was being cut back in 2019 after the initial large cuts in 2018. Our group had to make large adjustments to try to cover the activities that had been done by those let go in the first wave and then the hatchet started swinging again in 2019. Ever since then we've had to stop doing the "keep the business running" types of activities and focus only on critical or emergency type work.
The saw has finished cutting through the bone and is now cutting through the meat on the other side.