https://www.marketwatch.com/story/xerox-stock-sinks-as-profit-falls-to-less-than-half-what-was-expected-and-revenue-falls-shy-2022-10-25
The layoffs will be comin around the corner when she comes!
22 replies (most recent on top)
The diversity and inclusion group is coming for you now! They're going to diversify your daily work load to make up for the layoffs and include more work for the same pay.
Now wear the ribbon!
The beginning of the end was when Thoman was hired.
Based on the latest financial disclosure, Xerox Corp has a Probability Of Bankruptcy of 51%. This is 26.05% higher than that of the Technology sector and 58.39% higher than that of the Information Technology Services industry.
Can’t wait for the next Town Hall meeting to tell us how well things are going ..
No way the 401K match is ever coming back
The beginning of the end was when AM left.
Beginning of the end!!! Beginning of the end!!??? Where have you been?
More like end of the end now.
Beginning???……Give me a Break. Please…. As they say “See ya, wouldn’t want to be ya!!!”
Rolling my eyes. 👀
Seriously Dude???
Could someone please increase the dividend?
Expect Customer Care and Remote Support to be trimmed next week. More jobs for our outsourced discounted labor.
Team, I believe I have seen enough adult films to know what happens next....
Best,
I know nobody on this site will agree with this but...
It's a good time to buy some Xerox stock. I've been playing it for about a year. Buy low, sell when it creeps up 20%. Rinse and repeat.
Steve B is Nero.
Left 18 months ago .. after spending month after month removing gear re writing contracts at 30-40% less than original value and cancelling additional labor and services …this was inevitable…..I would love to know the % of contracts adding services at a premium…? I would bet very few …meanwhile the leadership still gets paid….regardless.
And there's still rockstars here fantasizing about their managers taking them out to Dennys and what all they would order. Time to circle the wagons.
Any guesses re how much revenue is on back order?
If you don't think it's the beginning of the end, just imagine how the investors feel and what their actions will be when Q4 numbers are lower.
You can lose employees and hire more when needed, you can lose sales employees, someone will pick up their slack. You can't lose investors. When the investors can make money elsewhere...why stay with this?
Lies and excuses - that's all the executives can offer for their excessive pay checks.
”As far as it dropped in one day tells you the analysts are done hoping it's ever coming back!!” -spot on! Steve’s and Xavier’s credibility among analysts was wiped out today, expect desperation to reach unprecedented levels!
They always blame everything on others, never their failed ideas or moves.
Blame inflation, blame supply chain. Take that ownership you always tell us to take.
Why can I get a box of chinese snap-tite model cars or some d-mb sh!t no one wants but I can't get a chinese toner?
How about a corporate pay cut?
This is only the beginning, the layoffs and bad moves have happened as of right now. Q4 is going to be worse.
Just another guaranteed round of layoffs!! As far as it dropped in one day tells you the analysts are done hoping it's ever coming back!!
Oh well. Treat people like you want to be treated. Not as you do.
Xerox made its bed, now lay in it.
Last one out hit the lights….
Stock price is down 15% at mid-day. Not good. Wall Street also knows that with interest rates up 3% in the last 6 months, and likely going to 5%, the cost of borrowing just keeps climbing for Xerox. (All other companies too, but Xrx is really dependent on borrowing to keep the doors open)
Declining revenues, declining MIF, and borrowing costs keep rising. Not a good position to be in.