So many people I know are justifying what's happening to Xerox with the fact that we're a part of a dying industry. But I'm not buying that. Look at our competitors. Most of them are adjusting to changing times much better than we are and most of them are certainly not having layoffs at the rate we are. This is all about management and its competence (or in this case, incompetence.) If we had people in charge who knew how to lead in a crisis, who pushed for innovation instead of cost cuts, who fought hard to keep our best people instead of trying hard to get rid of them, then things might look much different than they do right now.
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HP seems to be doing reasonably well.
Proved Carl needed them, not HP needing Carl i bet all the former Hp washouts are bitter they cant get their revenge
Xerox really blew it ...From a company that had it all: innovation, quality products and a
proud dedicated employee base today they have almost nothing ..Sad , sad ,sad.
If you think our competitors are not going through the same turmoil, layoffs, consolidation, hemorrhaging of money, removing layers of management, etc during this time your network circle is very small or you do not follow industry articles. They are ALL hurting and making drastic changes so we’re not alone. Major layoffs at direct branches for KM, Ricoh and Canon are happening everywhere. Lots of personal friends being affected. Not saying Xerox hasn’t made bad choices along the way, but our competitors are not exactly crushing it right now either.
Courtesy of the crooks involved in the Y 2000 scandal, Burnsy, and those those that put her on the throne
I’d agree overall but some of the competitor adjusting better is a whole lot of lipstick. Particularly with ricoh. Take a look at the profit tab on “ten years of growth”
https://www.ricoh.com/about/at-a-glance/performance
Ricoh India scandal already dealt them a massive blow and with covid Japan has totally lost patience and rumor is that they are selling business units off.
This started long before Icahan. Probably after Mulcahy left.
Good point, Xerox is too focused on cost cutting instead of innovation. But why? It's simple, the shareholders are the be all, end all priority for Xerox and the management is laser focused on siphoning as much money as possible to them. After all, Carl Icahn must be paid the maximum. He doesn't care if employees don't get 401K matching. Carl doesn't care if employees have to suffer financial losses because of high deductible health insurance. Carl doesn't want to waste money on benefits and innovation when that money can go directly into his pockets. But we, the employees, see it first hand, customers are abandoning us every month at an alarming rate. How soon before the Wall Street analysts realize Johnny has been playing them with his smoke and mirror show every year since he took over? Docushare and financial services, that's our path forward? Xerox has no future.