Since the European research center was sold in 2017 and PARC was recently donated, and now the Research Centre of Canada is joining Myant, it appears that Xerox's options for innovation are dwindling. It's worth noting that Myant didn't even announce the change with a press release. Consequently, one might wonder where Xerox is finding inspiration for new ideas. Additionally, the North Carolina Center of Excellence isn't particularly noteworthy, especially considering the closure of ElemX. It begs the question: where is all the innovation happening? Are there any new products on the horizon that will generate revenue? Our company meetings seem to revolve solely around DEI, the environment, and volunteering, which is commendable, but when will we shift our focus to something new that actually boosts our profits? If you visit myxerox, you'd think we specialize in selling DEI tools rather than office tools. While I fully support diversity and supporting our colleagues, perhaps we could dial back the emphasis on DEI and prioritize our core business activities.
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Not picking a fight here (well maybe) . But what new technology/innovations have these divisions brought to the table recently?
PARC tried in the 70s to get Xerox to imagine the personal computer, at least Apple paid attention.
But as far as the last 5 years, can someone give some examples of why these right sizing moves shouldn’t have happened?
Xerox heart was cut out along time ago .
Really doesn’t matter what body parts are left.
"For Xerox, we see a strong supplier and partner in Myant as we focus on our key objectives of driving client success, profit optimization, and shareholder returns"
shedding layer after layer will achieve these 3 goals how exactly?
This is just the beginning. Xerox. Will. Keep. Bleeding. Itself. Dry. Best course of action is a self induced coma for 12 months by which time you’ll find yourself sold to Alibaba Business Services.
Press release:
https://myant.ca/myant-capital-partners-acquires-xerox-research-centre-of-canada/
Feed the OP to the Dividend!
There is no innovation. It just shrinking.
If there are any “new” products they will be relabeled products from other companies.
Really. How many times does it have to be said? It’s just going to shrink and shrink until there is nothing. With layoff after layoff along the way.
With all the innovation and/or R&D pieces being sold off or given away it sounds like they're prepping for a sale of the company or a merger.
Or, the situation is so bad they can't afford to keep funding R&D.
Slow clap to the OP. Everything woke turns to Kodak.
The remaining innovation is finding someone to turn out the lights. Maybe a DEI'er can figure that out